For saleSingle family
$425,000
433 Carissa Ln SW
Saint Michael MN 55376
4 beds, 2 baths, 2,383 sqft
433 Carissa Ln SW is a 4 beds, 2 baths, 2,383 sqft single family home for sale at $425,000 in Saint Michael MN 55376. At 20% down it rents for an estimated $3,300/mo and returns $266/mo a month at a 7.4% 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
- $3,300/mo
- Monthly cash flow
- $266/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.8%
- Max offer
- $389,500
Offer ≤ $389,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading