For saleSingle family
$315,000
7506 Emerson Ave S
Richfield MN 55423
3 beds, 2.5 baths, 1,157 sqft
7506 Emerson Ave S is a 3 beds, 2.5 baths, 1,157 sqft single family home for sale at $315,000 in Richfield MN 55423. At 20% down it rents for an estimated $2,275/mo and returns $66/mo a month at a 6.8% 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
- $2,275/mo
- Monthly cash flow
- $66/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.3%
- Max offer
- $272,500
Offer ≤ $272,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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