For saleSingle family
$299,000
7009 12th Ave S
Richfield MN 55423
4 beds, 2 baths, 1,817 sqft
7009 12th Ave S is a 4 beds, 2 baths, 1,817 sqft single family home for sale at $299,000 in Richfield MN 55423. At 20% down it rents for an estimated $2,400/mo and returns $266/mo a month at a 7.7% 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
- $2,400/mo
- Monthly cash flow
- $266/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.3%
- Max offer
- $283,000
Offer ≤ $283,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading