For saleSingle family
$430,000
7000 4th Ave S
Richfield MN 55423
3 beds, 1.5 baths, 2,072 sqft
7000 4th Ave S is a 3 beds, 1.5 baths, 2,072 sqft single family home for sale at $430,000 in Richfield MN 55423. At 20% down it rents for an estimated $2,250/mo and returns -$820/mo a month at a 4.4% 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
- $2,250/mo
- Monthly cash flow
- -$820/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.4%
- Max offer
- $266,500
Offer ≤ $266,500 (38% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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