For saleTownhouse

$229,900

1108 Highland Ave

Northfield MN 55057

4 beds, 2 baths, 2,082 sqft

1108 Highland Ave is a 4 beds, 2 baths, 2,082 sqft townhouse home for sale at $229,900 in Northfield MN 55057. At 20% down it rents for an estimated $2,325/mo and returns $458/mo a month at a 8.9% 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
$2,325/mo
Monthly cash flow
$458/mo
Cap rate
8.9%
Cash-on-cash
12.0%
Max offer
$229,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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