For saleSingle family
$629,000
542 3rd Ave
Excelsior MN 55331
4 beds, 2.5 baths, 2,612 sqft
542 3rd Ave is a 4 beds, 2.5 baths, 2,612 sqft single family home for sale at $629,000 in Excelsior MN 55331. At 20% down it rents for an estimated $3,050/mo and returns -$1,440/mo a month at a 3.9% 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
- $3,050/mo
- Monthly cash flow
- -$1,440/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -13.7%
- Max offer
- $361,500
Offer ≤ $361,500 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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