For saleSingle family
$325,000
6644 Chicago Ave
Richfield MN 55423
3 beds, 2 baths, 1,362 sqft
6644 Chicago Ave is a 3 beds, 2 baths, 1,362 sqft single family home for sale at $325,000 in Richfield MN 55423. At 20% down it rents for an estimated $2,450/mo and returns $171/mo a month at a 7.1% 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
- $2,450/mo
- Monthly cash flow
- $171/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 3.1%
- Max offer
- $293,500
Offer ≤ $293,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.