For saleSingle family
$389,900
346 Reid Ln
South Saint Paul MN 55075
4 beds, 2 baths, 2,496 sqft
346 Reid Ln is a 4 beds, 2 baths, 2,496 sqft single family home for sale at $389,900 in South Saint Paul MN 55075. At 20% down it rents for an estimated $2,475/mo and returns -$308/mo a month at a 5.7% 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
- $2,475/mo
- Monthly cash flow
- -$308/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -4.7%
- Max offer
- $292,500
Offer ≤ $292,500 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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