For saleTownhouse
$475,000
6324 Larkspur Ln
Corcoran MN 55340
3 beds, 2.5 baths, 1,949 sqft
6324 Larkspur Ln is a 3 beds, 2.5 baths, 1,949 sqft townhouse home for sale at $475,000 in Corcoran MN 55340. At 20% down it rents for an estimated $2,400/mo and returns -$1,065/mo a month at a 4.0% 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
- $2,400/mo
- Monthly cash flow
- -$1,065/mo
- Cap rate
- 4.0%
- Cash-on-cash
- -13.5%
- Max offer
- $264,500
Offer ≤ $264,500 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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