For saleTownhouse
$219,000
1005 Rae Dr Apt 8
Richfield MN 55423
2 beds, 1 bath, 1,062 sqft
1005 Rae Dr Apt 8 is a 2 beds, 1 bath, 1,062 sqft townhouse home for sale at $219,000 in Richfield MN 55423. At 20% down it rents for an estimated $1,775/mo and returns -$57/mo a month at a 6.4% 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
- $1,775/mo
- Monthly cash flow
- -$57/mo
- Cap rate
- 6.4%
- Cash-on-cash
- -1.6%
- Max offer
- $175,500
Offer ≤ $175,500 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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