For saleSingle family
$379,787
400 Ivanhoe Ave
Northfield MN 55057
4 beds, 3 baths, 2,592 sqft
400 Ivanhoe Ave is a 4 beds, 3 baths, 2,592 sqft single family home for sale at $379,787 in Northfield MN 55057. At 20% down it rents for an estimated $2,475/mo and returns -$236/mo a month at a 5.9% 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
- -$236/mo
- Cap rate
- 5.9%
- Cash-on-cash
- -3.7%
- Max offer
- $292,500
Offer ≤ $292,500 (23% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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