For saleSingle family
$649,900
840 Hallam Ave N
Mahtomedi MN 55115
4 beds, 2.5 baths, 2,548 sqft
840 Hallam Ave N is a 4 beds, 2.5 baths, 2,548 sqft single family home for sale at $649,900 in Mahtomedi MN 55115. At 20% down it rents for an estimated $3,200/mo and returns -$1,439/mo a month at a 4.0% 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
- $3,200/mo
- Monthly cash flow
- -$1,439/mo
- Cap rate
- 4.0%
- Cash-on-cash
- -13.3%
- Max offer
- $379,500
Offer ≤ $379,500 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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