For saleSingle family
$375,000
6315 Knox Ave S
Richfield MN 55423
4 beds, 2.5 baths, 1,696 sqft
6315 Knox Ave S is a 4 beds, 2.5 baths, 1,696 sqft single family home for sale at $375,000 in Richfield MN 55423. At 20% down it rents for an estimated $3,000/mo and returns $370/mo a month at a 7.7% 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
- $3,000/mo
- Monthly cash flow
- $370/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.9%
- Max offer
- $359,000
Offer ≤ $359,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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