For saleSingle family
$245,000
1692 Iowa Ave E
Saint Paul MN 55106
3 beds, 1 bath, 1,275 sqft
1692 Iowa Ave E is a 3 beds, 1 bath, 1,275 sqft single family home for sale at $245,000 in Saint Paul MN 55106. At 20% down it rents for an estimated $1,900/mo and returns $151/mo a month at a 7.4% 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
- $1,900/mo
- Monthly cash flow
- $151/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.7%
- Max offer
- $224,000
Offer ≤ $224,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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