For saleSingle family
$499,990
8802 Jules Ave S
Cottage Grove MN 55016
4 beds, 3 baths, 1,988 sqft
8802 Jules Ave S is a 4 beds, 3 baths, 1,988 sqft single family home for sale at $499,990 in Cottage Grove MN 55016. At 20% down it rents for an estimated $2,950/mo and returns -$619/mo a month at a 5.2% 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
- $2,950/mo
- Monthly cash flow
- -$619/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.4%
- Max offer
- $349,000
Offer ≤ $349,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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