For saleSingle family
$349,900
6914 1st Ave S
Richfield MN 55423
3 beds, 2 baths, 2,028 sqft
6914 1st Ave S is a 3 beds, 2 baths, 2,028 sqft single family home for sale at $349,900 in Richfield MN 55423. At 20% down it rents for an estimated $2,250/mo and returns -$248/mo a month at a 5.8% 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
- $2,250/mo
- Monthly cash flow
- -$248/mo
- Cap rate
- 5.8%
- Cash-on-cash
- -4.3%
- Max offer
- $266,000
Offer ≤ $266,000 (24% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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