For saleSingle family
$395,000
6211 Morgan Ave S
Richfield MN 55423
4 beds, 2 baths, 2,284 sqft
6211 Morgan Ave S is a 4 beds, 2 baths, 2,284 sqft single family home for sale at $395,000 in Richfield MN 55423. At 20% down it rents for an estimated $3,250/mo and returns $430/mo a month at a 8.0% 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
- $3,250/mo
- Monthly cash flow
- $430/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.5%
- Max offer
- $383,500
Offer ≤ $383,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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