For saleSingle family
$415,000
13498 Meredith Dr
Baxter MN 56425
5 beds, 3 baths, 2,944 sqft
13498 Meredith Dr is a 5 beds, 3 baths, 2,944 sqft single family home for sale at $415,000 in Baxter MN 56425. At 20% down it rents for an estimated $2,975/mo and returns $12/mo a month at a 6.7% 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
- $2,975/mo
- Monthly cash flow
- $12/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.2%
- Max offer
- $351,500
Offer ≤ $351,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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