For saleSingle family
$450,000
7514 Nicollet Ave
Richfield MN 55423
6 beds, 3 baths, 2,760 sqft
7514 Nicollet Ave is a 6 beds, 3 baths, 2,760 sqft single family home for sale at $450,000 in Richfield MN 55423. At 20% down it rents for an estimated $3,250/mo and returns $38/mo a month at a 6.8% 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
- $3,250/mo
- Monthly cash flow
- $38/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.5%
- Max offer
- $384,000
Offer ≤ $384,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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