For saleSingle family
$450,000
16795 Garnet St NW
Ramsey MN 55303
3 beds, 2 baths, 2,004 sqft
16795 Garnet St NW is a 3 beds, 2 baths, 2,004 sqft single family home for sale at $450,000 in Ramsey MN 55303. At 20% down it rents for an estimated $2,225/mo and returns -$987/mo a month at a 4.0% 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
- $2,225/mo
- Monthly cash flow
- -$987/mo
- Cap rate
- 4.0%
- Cash-on-cash
- -13.2%
- Max offer
- $263,500
Offer ≤ $263,500 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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