For saleSingle family
$298,000
1124 Jessamine Ave E
Saint Paul MN 55106
4 beds, 1.5 baths, 1,536 sqft
1124 Jessamine Ave E is a 4 beds, 1.5 baths, 1,536 sqft single family home for sale at $298,000 in Saint Paul MN 55106. At 20% down it rents for an estimated $2,300/mo and returns $173/mo a month at a 7.4% 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
- $2,300/mo
- Monthly cash flow
- $173/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.5%
- Max offer
- $271,500
Offer ≤ $271,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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