For saleSingle family
$485,000
7948 Blanchard Way
Inver Grove Heights MN 55076
5 beds, 4 baths, 2,510 sqft
7948 Blanchard Way is a 5 beds, 4 baths, 2,510 sqft single family home for sale at $485,000 in Inver Grove Heights MN 55076. At 20% down it rents for an estimated $3,100/mo and returns -$362/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
- $3,100/mo
- Monthly cash flow
- -$362/mo
- Cap rate
- 5.8%
- Cash-on-cash
- -4.5%
- Max offer
- $366,500
Offer ≤ $366,500 (24% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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