For saleSingle family
$364,900
1603 Monroe Ct
Northfield MN 55057
3 beds, 3 baths, 2,490 sqft
1603 Monroe Ct is a 3 beds, 3 baths, 2,490 sqft single family home for sale at $364,900 in Northfield MN 55057. At 20% down it rents for an estimated $2,125/mo and returns -$480/mo a month at a 5.1% 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
- $2,125/mo
- Monthly cash flow
- -$480/mo
- Cap rate
- 5.1%
- Cash-on-cash
- -7.9%
- Max offer
- $251,500
Offer ≤ $251,500 (31% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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