For saleTownhouse
$285,000
14875 Olivine St NW
Ramsey MN 55303
3 beds, 3 baths, 1,710 sqft
14875 Olivine St NW is a 3 beds, 3 baths, 1,710 sqft townhouse home for sale at $285,000 in Ramsey MN 55303. At 20% down it rents for an estimated $2,225/mo and returns $86/mo a month at a 6.9% 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
- $2,225/mo
- Monthly cash flow
- $86/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.8%
- Max offer
- $247,500
Offer ≤ $247,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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