For saleSingle family
$369,900
6927 Nicollet Ave
Richfield MN 55423
4 beds, 2 baths, 2,379 sqft
6927 Nicollet Ave is a 4 beds, 2 baths, 2,379 sqft single family home for sale at $369,900 in Richfield MN 55423. At 20% down it rents for an estimated $2,700/mo and returns $106/mo a month at a 6.9% 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
- $2,700/mo
- Monthly cash flow
- $106/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.7%
- Max offer
- $323,500
Offer ≤ $323,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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