For saleSingle family
$319,900
3860 2 1/2 St NE
Columbia Heights MN 55421
3 beds, 2 baths, 1,622 sqft
3860 2 1/2 St NE is a 3 beds, 2 baths, 1,622 sqft single family home for sale at $319,900 in Columbia Heights MN 55421. At 20% down it rents for an estimated $2,300/mo and returns $56/mo a month at a 6.7% 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
- $2,300/mo
- Monthly cash flow
- $56/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.1%
- Max offer
- $275,500
Offer ≤ $275,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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