For saleSingle family
$524,900
1406 Balsam Ln
Watertown MN 55388
5 beds, 3 baths, 3,106 sqft
1406 Balsam Ln is a 5 beds, 3 baths, 3,106 sqft single family home for sale at $524,900 in Watertown MN 55388. At 20% down it rents for an estimated $2,975/mo and returns -$772/mo a month at a 4.9% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $2,975/mo
- Monthly cash flow
- -$772/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -8.8%
- Max offer
- $352,000
Offer ≤ $352,000 (33% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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