For saleSingle family
$289,000
217 Orchard St N
Northfield MN 55057
3 beds, 2 baths, 1,605 sqft
217 Orchard St N is a 3 beds, 2 baths, 1,605 sqft single family home for sale at $289,000 in Northfield MN 55057. At 20% down it rents for an estimated $2,200/mo and returns $137/mo a month at a 7.2% 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
- $2,200/mo
- Monthly cash flow
- $137/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.8%
- Max offer
- $259,500
Offer ≤ $259,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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