For saleSingle family

$215,000

661 Magnolia Ave E

Saint Paul MN 55106

3 beds, 1.5 baths, 1,400 sqft

661 Magnolia Ave E is a 3 beds, 1.5 baths, 1,400 sqft single family home for sale at $215,000 in Saint Paul MN 55106. At 20% down it rents for an estimated $1,575/mo and returns $67/mo a month at a 6.9% 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
$1,575/mo
Monthly cash flow
$67/mo
Cap rate
6.9%
Cash-on-cash
1.9%
Max offer
$188,500

Offer ≤ $188,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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