For saleTownhouse
$275,000
11265 16th St NE
Saint Michael MN 55376
3 beds, 1.5 baths, 2,039 sqft
11265 16th St NE is a 3 beds, 1.5 baths, 2,039 sqft townhouse home for sale at $275,000 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,200/mo and returns $87/mo a month at a 6.9% 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
- $2,200/mo
- Monthly cash flow
- $87/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.9%
- Max offer
- $239,500
Offer ≤ $239,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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