For saleSingle family
$149,000
6509 2nd Ave S
Richfield MN 55423
3 beds, 3 baths
6509 2nd Ave S is a 3 beds, 3 baths single family home for sale at $149,000 in Richfield MN 55423. At 20% down it rents for an estimated $2,250/mo and returns $1,186/mo a month at a 16.2% 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
- $2,250/mo
- Monthly cash flow
- $1,186/mo
- Cap rate
- 16.2%
- Cash-on-cash
- 47.8%
- Max offer
- $149,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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