For saleSingle family
$349,900
6624 Oliver Ave S
Richfield MN 55423
3 beds, 2 baths, 1,618 sqft
6624 Oliver Ave S is a 3 beds, 2 baths, 1,618 sqft single family home for sale at $349,900 in Richfield MN 55423. At 20% down it rents for an estimated $2,800/mo and returns $302/mo a month at a 7.7% 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
- $2,800/mo
- Monthly cash flow
- $302/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $330,500
Offer ≤ $330,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading