For saleSingle family
$285,000
1809 Mechanic Ave
Saint Paul MN 55119
4 beds, 2 baths, 1,384 sqft
1809 Mechanic Ave is a 4 beds, 2 baths, 1,384 sqft single family home for sale at $285,000 in Saint Paul MN 55119. At 20% down it rents for an estimated $2,475/mo and returns $440/mo a month at a 8.5% 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
- $2,475/mo
- Monthly cash flow
- $440/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 9.3%
- Max offer
- $285,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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