For saleSingle family
$400,000
6612 Lynwood Blvd
Richfield MN 55423
4 beds, 1 bath, 1,902 sqft
6612 Lynwood Blvd is a 4 beds, 1 bath, 1,902 sqft single family home for sale at $400,000 in Richfield MN 55423. At 20% down it rents for an estimated $3,125/mo and returns $269/mo a month at a 7.5% 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
- $3,125/mo
- Monthly cash flow
- $269/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.0%
- Max offer
- $369,000
Offer ≤ $369,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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