For saleSingle family

$249,900

1003 9th Ave

Anoka MN 55303

3 beds, 1 bath, 992 sqft

1003 9th Ave is a 3 beds, 1 bath, 992 sqft single family home for sale at $249,900 in Anoka MN 55303. At 20% down it rents for an estimated $2,375/mo and returns $622/mo a month at a 9.5% 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
$2,375/mo
Monthly cash flow
$622/mo
Cap rate
9.5%
Cash-on-cash
14.9%
Max offer
$249,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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