For saleSingle family
$479,900
316 Colleen Ave
Shoreview MN 55126
4 beds, 3 baths, 2,420 sqft
316 Colleen Ave is a 4 beds, 3 baths, 2,420 sqft single family home for sale at $479,900 in Shoreview MN 55126. At 20% down it rents for an estimated $3,075/mo and returns -$351/mo a month at a 5.8% 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
- $3,075/mo
- Monthly cash flow
- -$351/mo
- Cap rate
- 5.8%
- Cash-on-cash
- -4.4%
- Max offer
- $363,500
Offer ≤ $363,500 (24% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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