For saleSingle family
$374,900
20787 Drumflower Rd
Richmond MN 56368
2 beds, 1 bath, 1,280 sqft
20787 Drumflower Rd is a 2 beds, 1 bath, 1,280 sqft single family home for sale at $374,900 in Richmond MN 56368. At 20% down it rents for an estimated $900/mo and returns -$1,776/mo a month at a 1.0% 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
- $900/mo
- Monthly cash flow
- -$1,776/mo
- Cap rate
- 1.0%
- Cash-on-cash
- -28.4%
- Max offer
- $107,500
Offer ≤ $107,500 (71% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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