For saleSingle family
$469,900
Northfield
Northfield MN 55057
4 beds, 2 baths, 2,896 sqft
Northfield is a 4 beds, 2 baths, 2,896 sqft single family home for sale at $469,900 in Northfield MN 55057. At 20% down it rents for an estimated $2,475/mo and returns -$880/mo a month at a 4.4% 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
- $2,475/mo
- Monthly cash flow
- -$880/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.2%
- Max offer
- $293,000
Offer ≤ $293,000 (38% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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