For saleTownhouse
$225,000
818 Sherwood Rd
Shoreview MN 55126
2 beds, 2 baths, 1,550 sqft
818 Sherwood Rd is a 2 beds, 2 baths, 1,550 sqft townhouse home for sale at $225,000 in Shoreview MN 55126. At 20% down it rents for an estimated $1,975/mo and returns $124/mo a month at a 7.3% 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
- $1,975/mo
- Monthly cash flow
- $124/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.3%
- Max offer
- $203,000
Offer ≤ $203,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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