For saleSingle family
$269,900
1418 Mechanic Ave
Saint Paul MN 55106
3 beds, 1 bath, 1,442 sqft
1418 Mechanic Ave is a 3 beds, 1 bath, 1,442 sqft single family home for sale at $269,900 in Saint Paul MN 55106. At 20% down it rents for an estimated $2,300/mo and returns $373/mo a month at a 8.3% 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
- $2,300/mo
- Monthly cash flow
- $373/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 8.3%
- Max offer
- $269,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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