For saleSingle family
$289,900
14641 Sapphire Ln
Ramsey MN 55303
3 beds, 2.5 baths, 1,882 sqft
14641 Sapphire Ln is a 3 beds, 2.5 baths, 1,882 sqft single family home for sale at $289,900 in Ramsey MN 55303. At 20% down it rents for an estimated $2,325/mo and returns $292/mo a month at a 7.7% 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
- $2,325/mo
- Monthly cash flow
- $292/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 6.0%
- Max offer
- $278,500
Offer ≤ $278,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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