For saleSingle family
$360,000
309 4th St NW
Saint Michael MN 55376
3 beds, 2 baths, 1,530 sqft
309 4th St NW is a 3 beds, 2 baths, 1,530 sqft single family home for sale at $360,000 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,550/mo and returns $25/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
- $2,550/mo
- Monthly cash flow
- $25/mo
- Cap rate
- 6.6%
- Cash-on-cash
- 0.4%
- Max offer
- $305,500
Offer ≤ $305,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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