For saleSingle family
$424,900
7605 Oakland Ave
Richfield MN 55423
5 beds, 2 baths, 2,309 sqft
7605 Oakland Ave is a 5 beds, 2 baths, 2,309 sqft single family home for sale at $424,900 in Richfield MN 55423. At 20% down it rents for an estimated $3,025/mo and returns $45/mo a month at a 6.6% 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
- $3,025/mo
- Monthly cash flow
- $45/mo
- Cap rate
- 6.6%
- Cash-on-cash
- 0.6%
- Max offer
- $362,500
Offer ≤ $362,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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