For saleSingle family
$400,000
6839 10th Ave S
Richfield MN 55423
3 beds, 2 baths, 1,950 sqft
6839 10th Ave S is a 3 beds, 2 baths, 1,950 sqft single family home for sale at $400,000 in Richfield MN 55423. At 20% down it rents for an estimated $2,250/mo and returns -$606/mo a month at a 4.9% 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
- -$606/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -9.1%
- Max offer
- $266,000
Offer ≤ $266,000 (34% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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