For saleSingle family
$350,000
2200 161st Ave NW
Andover MN 55304
3 beds, 1 bath, 1,088 sqft
2200 161st Ave NW is a 3 beds, 1 bath, 1,088 sqft single family home for sale at $350,000 in Andover MN 55304. At 20% down it rents for an estimated $2,825/mo and returns $326/mo a month at a 7.8% 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
- $2,825/mo
- Monthly cash flow
- $326/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.6%
- Max offer
- $333,500
Offer ≤ $333,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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