For saleSingle family
$350,000
7109 Morgan Ave S
Richfield MN 55423
5 beds, 2 baths, 2,223 sqft
7109 Morgan Ave S is a 5 beds, 2 baths, 2,223 sqft single family home for sale at $350,000 in Richfield MN 55423. At 20% down it rents for an estimated $3,475/mo and returns $976/mo a month at a 10.0% 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
- $3,475/mo
- Monthly cash flow
- $976/mo
- Cap rate
- 10.0%
- Cash-on-cash
- 16.7%
- Max offer
- $350,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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