For saleSingle family
$315,000
8820 Monroe St NE
Blaine MN 55434
4 beds, 2 baths, 1,674 sqft
8820 Monroe St NE is a 4 beds, 2 baths, 1,674 sqft single family home for sale at $315,000 in Blaine MN 55434. At 20% down it rents for an estimated $2,450/mo and returns $241/mo a month at a 7.4% 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
- $2,450/mo
- Monthly cash flow
- $241/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.6%
- Max offer
- $293,500
Offer ≤ $293,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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