For saleTownhouse
$264,900
1403 Constitutional Dr
Northfield MN 55057
3 beds, 3 baths, 1,439 sqft
1403 Constitutional Dr is a 3 beds, 3 baths, 1,439 sqft townhouse home for sale at $264,900 in Northfield MN 55057. At 20% down it rents for an estimated $2,075/mo and returns $39/mo a month at a 6.7% 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
- $2,075/mo
- Monthly cash flow
- $39/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.9%
- Max offer
- $225,000
Offer ≤ $225,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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