For saleSingle family
$375,000
1006 College St
Northfield MN 55057
4 beds, 3 baths, 2,200 sqft
1006 College St is a 4 beds, 3 baths, 2,200 sqft single family home for sale at $375,000 in Northfield MN 55057. At 20% down it rents for an estimated $2,850/mo and returns $220/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
- $2,850/mo
- Monthly cash flow
- $220/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.5%
- Max offer
- $341,500
Offer ≤ $341,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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