For saleSingle family
$369,900
7538 Carmen Ave
Inver Grove Heights MN 55076
3 beds, 2 baths, 1,906 sqft
7538 Carmen Ave is a 3 beds, 2 baths, 1,906 sqft single family home for sale at $369,900 in Inver Grove Heights MN 55076. At 20% down it rents for an estimated $2,500/mo and returns -$141/mo a month at a 6.2% 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
- $2,500/mo
- Monthly cash flow
- -$141/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.3%
- Max offer
- $295,500
Offer ≤ $295,500 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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