For saleSingle family
$539,000
2420 Lachman Ave NE
Saint Michael MN 55376
4 beds, 3 baths, 2,768 sqft
2420 Lachman Ave NE is a 4 beds, 3 baths, 2,768 sqft single family home for sale at $539,000 in Saint Michael MN 55376. At 20% down it rents for an estimated $3,300/mo and returns -$548/mo a month at a 5.4% 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
- $3,300/mo
- Monthly cash flow
- -$548/mo
- Cap rate
- 5.4%
- Cash-on-cash
- -6.1%
- Max offer
- $390,000
Offer ≤ $390,000 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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