For saleSingle family
$291,000
397 Thomas Ave
Saint Paul MN 55103
3 beds, 1.5 baths, 1,338 sqft
397 Thomas Ave is a 3 beds, 1.5 baths, 1,338 sqft single family home for sale at $291,000 in Saint Paul MN 55103. At 20% down it rents for an estimated $1,575/mo and returns -$502/mo a month at a 4.6% 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
- $1,575/mo
- Monthly cash flow
- -$502/mo
- Cap rate
- 4.6%
- Cash-on-cash
- -10.4%
- Max offer
- $186,500
Offer ≤ $186,500 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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