For saleSingle family
$316,000
619 Nevada St
Northfield MN 55057
3 beds, 1.5 baths, 1,284 sqft
619 Nevada St is a 3 beds, 1.5 baths, 1,284 sqft single family home for sale at $316,000 in Northfield MN 55057. At 20% down it rents for an estimated $2,500/mo and returns $284/mo a month at a 7.6% 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
- $2,500/mo
- Monthly cash flow
- $284/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.4%
- Max offer
- $299,500
Offer ≤ $299,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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