For saleSingle family
$486,900
689 Aspen Ln
Montrose MN 55363
4 beds, 2.5 baths, 2,317 sqft
689 Aspen Ln is a 4 beds, 2.5 baths, 2,317 sqft single family home for sale at $486,900 in Montrose MN 55363. At 20% down it rents for an estimated $2,250/mo and returns -$1,226/mo a month at a 3.6% 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
- $2,250/mo
- Monthly cash flow
- -$1,226/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.1%
- Max offer
- $267,000
Offer ≤ $267,000 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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