For saleSingle family
$373,000
412 2nd St NW
Saint Michael MN 55376
4 beds, 2 baths, 2,270 sqft
412 2nd St NW is a 4 beds, 2 baths, 2,270 sqft single family home for sale at $373,000 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,800/mo and returns $184/mo a month at a 7.1% 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
- $2,800/mo
- Monthly cash flow
- $184/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 3.0%
- Max offer
- $335,500
Offer ≤ $335,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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