For saleSingle family
$279,900
2551 Rainbow Ln
New Brighton MN 55112
3 beds, 1 bath, 1,368 sqft
2551 Rainbow Ln is a 3 beds, 1 bath, 1,368 sqft single family home for sale at $279,900 in New Brighton MN 55112. At 20% down it rents for an estimated $2,025/mo and returns $62/mo a month at a 6.8% 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
- $2,025/mo
- Monthly cash flow
- $62/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.3%
- Max offer
- $242,500
Offer ≤ $242,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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