For saleSingle family
$340,000
6240 Sheridan Ave S
Richfield MN 55423
3 beds, 2 baths, 1,782 sqft
6240 Sheridan Ave S is a 3 beds, 2 baths, 1,782 sqft single family home for sale at $340,000 in Richfield MN 55423. At 20% down it rents for an estimated $2,800/mo and returns $373/mo a month at a 8.0% 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
- $2,800/mo
- Monthly cash flow
- $373/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.6%
- Max offer
- $330,500
Offer ≤ $330,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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