For saleSingle family
$374,900
7244 Oliver Ave S
Richfield MN 55423
4 beds, 1 bath, 1,739 sqft
7244 Oliver Ave S is a 4 beds, 1 bath, 1,739 sqft single family home for sale at $374,900 in Richfield MN 55423. At 20% down it rents for an estimated $2,825/mo and returns $196/mo a month at a 7.1% 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
- $2,825/mo
- Monthly cash flow
- $196/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 3.1%
- Max offer
- $338,500
Offer ≤ $338,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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