For saleSingle family
$309,900
5457 Horizon Dr NE
Fridley MN 55421
3 beds, 2 baths, 1,765 sqft
5457 Horizon Dr NE is a 3 beds, 2 baths, 1,765 sqft single family home for sale at $309,900 in Fridley MN 55421. At 20% down it rents for an estimated $1,950/mo and returns -$262/mo a month at a 5.7% 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
- $1,950/mo
- Monthly cash flow
- -$262/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -5.1%
- Max offer
- $230,500
Offer ≤ $230,500 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading