For saleSingle family
$399,900
2106 Richard Ave
White Bear Lake MN 55110
4 beds, 2 baths, 1,794 sqft
2106 Richard Ave is a 4 beds, 2 baths, 1,794 sqft single family home for sale at $399,900 in White Bear Lake MN 55110. At 20% down it rents for an estimated $3,125/mo and returns $270/mo a month at a 7.5% 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
- $3,125/mo
- Monthly cash flow
- $270/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.1%
- Max offer
- $369,000
Offer ≤ $369,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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