For saleSingle family
$265,000
6920 Penn Ave S
Richfield MN 55423
3 beds, 1 bath, 1,091 sqft
6920 Penn Ave S is a 3 beds, 1 bath, 1,091 sqft single family home for sale at $265,000 in Richfield MN 55423. At 20% down it rents for an estimated $2,800/mo and returns $908/mo a month at a 10.8% 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
- $908/mo
- Cap rate
- 10.8%
- Cash-on-cash
- 20.6%
- Max offer
- $265,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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