For saleSingle family

$254,900

1408 E 69th St

Richfield MN 55423

3 beds, 2 baths, 2,068 sqft

1408 E 69th St is a 3 beds, 2 baths, 2,068 sqft single family home for sale at $254,900 in Richfield MN 55423. At 20% down it rents for an estimated $2,600/mo and returns $812/mo a month at a 10.3% 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
$2,600/mo
Monthly cash flow
$812/mo
Cap rate
10.3%
Cash-on-cash
19.1%
Max offer
$254,900

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

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