For saleSingle family
$519,900
843 Walnut Grove Ln
Hanover MN 55341
4 beds, 3 baths, 2,454 sqft
843 Walnut Grove Ln is a 4 beds, 3 baths, 2,454 sqft single family home for sale at $519,900 in Hanover MN 55341. At 20% down it rents for an estimated $3,300/mo and returns -$411/mo a month at a 5.7% 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
- $3,300/mo
- Monthly cash flow
- -$411/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -4.7%
- Max offer
- $390,000
Offer ≤ $390,000 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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