For saleMulti-family
$575,000
7632 Pleasant Ave
Richfield MN 55423
7 beds, 4 baths, 4,008 sqft
7632 Pleasant Ave is a 7 beds, 4 baths, 4,008 sqft multi-family home for sale at $575,000 in Richfield MN 55423. At 20% down it rents for an estimated $5,350/mo and returns $1,245/mo a month at a 9.3% 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
- $5,350/mo
- Monthly cash flow
- $1,245/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.0%
- Max offer
- $575,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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