For saleSingle family
$390,000
8416 Northern Dr
Crystal MN 55427
5 beds, 3.5 baths, 2,240 sqft
8416 Northern Dr is a 5 beds, 3.5 baths, 2,240 sqft single family home for sale at $390,000 in Crystal MN 55427. At 20% down it rents for an estimated $2,975/mo and returns $240/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
- $2,975/mo
- Monthly cash flow
- $240/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.7%
- Max offer
- $356,500
Offer ≤ $356,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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