For saleSingle family
$369,900
3223 Kady Ave NE
Saint Michael MN 55376
3 beds, 2.5 baths, 2,335 sqft
3223 Kady Ave NE is a 3 beds, 2.5 baths, 2,335 sqft single family home for sale at $369,900 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,900/mo and returns $259/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
- $2,900/mo
- Monthly cash flow
- $259/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.2%
- Max offer
- $342,000
Offer ≤ $342,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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