For saleSingle family
$349,900
1316 7th Ave
Anoka MN 55303
3 beds, 2 baths, 1,542 sqft
1316 7th Ave is a 3 beds, 2 baths, 1,542 sqft single family home for sale at $349,900 in Anoka MN 55303. At 20% down it rents for an estimated $1,500/mo and returns -$998/mo a month at a 3.2% 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
- $1,500/mo
- Monthly cash flow
- -$998/mo
- Cap rate
- 3.2%
- Cash-on-cash
- -17.1%
- Max offer
- $178,000
Offer ≤ $178,000 (49% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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