For saleSingle family
$343,000
1361 Scheffer Ave
Saint Paul MN 55116
4 beds, 1.5 baths, 1,579 sqft
1361 Scheffer Ave is a 4 beds, 1.5 baths, 1,579 sqft single family home for sale at $343,000 in Saint Paul MN 55116. At 20% down it rents for an estimated $2,700/mo and returns $251/mo a month at a 7.5% 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
- $2,700/mo
- Monthly cash flow
- $251/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.4%
- Max offer
- $318,500
Offer ≤ $318,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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