For saleSingle family
$380,000
7221 16th Ave S
Richfield MN 55423
3 beds, 2 baths, 1,785 sqft
7221 16th Ave S is a 3 beds, 2 baths, 1,785 sqft single family home for sale at $380,000 in Richfield MN 55423. At 20% down it rents for an estimated $2,275/mo and returns -$438/mo a month at a 5.3% 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
- $2,275/mo
- Monthly cash flow
- -$438/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.9%
- Max offer
- $269,000
Offer ≤ $269,000 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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