For saleTownhouse
$315,000
11491 16th St NE
Saint Michael MN 55376
4 beds, 3.5 baths, 2,175 sqft
11491 16th St NE is a 4 beds, 3.5 baths, 2,175 sqft townhouse home for sale at $315,000 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,750/mo and returns $375/mo a month at a 7.9% 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
- $375/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 7.1%
- Max offer
- $309,000
Offer ≤ $309,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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