For saleTownhouse
$259,000
1909 Lachman Ave NE
Saint Michael MN 55376
4 beds, 2 baths, 1,655 sqft
1909 Lachman Ave NE is a 4 beds, 2 baths, 1,655 sqft townhouse home for sale at $259,000 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,350/mo and returns $310/mo a month at a 8.1% 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
- $2,350/mo
- Monthly cash flow
- $310/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $254,500
Offer ≤ $254,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading