For saleTownhouse
$310,000
11457 16th St NE
Saint Michael MN 55376
4 beds, 3.5 baths, 2,173 sqft
11457 16th St NE is a 4 beds, 3.5 baths, 2,173 sqft townhouse home for sale at $310,000 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,750/mo and returns $403/mo a month at a 8.1% 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
- $2,750/mo
- Monthly cash flow
- $403/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.8%
- Max offer
- $308,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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