For saleSingle family
$375,000
3024 Texas Ave S
Saint Louis Park MN 55426
3 beds, 2 baths, 1,675 sqft
3024 Texas Ave S is a 3 beds, 2 baths, 1,675 sqft single family home for sale at $375,000 in Saint Louis Park MN 55426. At 20% down it rents for an estimated $2,050/mo and returns -$627/mo a month at a 4.7% 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
- $2,050/mo
- Monthly cash flow
- -$627/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -10.0%
- Max offer
- $242,500
Offer ≤ $242,500 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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