For saleSingle family
$315,000
620 Madison St
Anoka MN 55303
3 beds, 2 baths, 1,458 sqft
620 Madison St is a 3 beds, 2 baths, 1,458 sqft single family home for sale at $315,000 in Anoka MN 55303. At 20% down it rents for an estimated $1,500/mo and returns -$749/mo a month at a 3.8% 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
- $1,500/mo
- Monthly cash flow
- -$749/mo
- Cap rate
- 3.8%
- Cash-on-cash
- -14.3%
- Max offer
- $177,500
Offer ≤ $177,500 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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