For saleTownhouse
$290,000
14575 Olivine St NW
Ramsey MN 55303
3 beds, 2 baths, 1,728 sqft
14575 Olivine St NW is a 3 beds, 2 baths, 1,728 sqft townhouse home for sale at $290,000 in Ramsey MN 55303. At 20% down it rents for an estimated $2,225/mo and returns -$79/mo a month at a 6.3% 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
- $2,225/mo
- Monthly cash flow
- -$79/mo
- Cap rate
- 6.3%
- Cash-on-cash
- -1.6%
- Max offer
- $232,000
Offer ≤ $232,000 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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