For saleSingle family
$543,990
6295 61st St S
Cottage Grove MN 55016
4 beds, 3 baths, 2,644 sqft
6295 61st St S is a 4 beds, 3 baths, 2,644 sqft single family home for sale at $543,990 in Cottage Grove MN 55016. At 20% down it rents for an estimated $3,200/mo and returns -$683/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
- $3,200/mo
- Monthly cash flow
- -$683/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.5%
- Max offer
- $378,500
Offer ≤ $378,500 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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