For saleSingle family
$300,000
557 Cheri Ln NE
Fridley MN 55421
4 beds, 2 baths, 1,890 sqft
557 Cheri Ln NE is a 4 beds, 2 baths, 1,890 sqft single family home for sale at $300,000 in Fridley MN 55421. At 20% down it rents for an estimated $2,525/mo and returns $383/mo a month at a 8.2% 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
- $2,525/mo
- Monthly cash flow
- $383/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.7%
- Max offer
- $298,000
Offer ≤ $298,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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