For saleSingle family
$365,000
6816 Washburn Ave S
Richfield MN 55423
3 beds, 2 baths, 1,448 sqft
6816 Washburn Ave S is a 3 beds, 2 baths, 1,448 sqft single family home for sale at $365,000 in Richfield MN 55423. At 20% down it rents for an estimated $2,800/mo and returns $194/mo a month at a 7.3% 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
- $2,800/mo
- Monthly cash flow
- $194/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.2%
- Max offer
- $330,500
Offer ≤ $330,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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