For saleSingle family
$509,990
1683 Langston Ave NE
Saint Michael MN 55376
4 beds, 3.5 baths, 2,984 sqft
1683 Langston Ave NE is a 4 beds, 3.5 baths, 2,984 sqft single family home for sale at $509,990 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,900/mo and returns -$741/mo a month at a 4.9% 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
- $2,900/mo
- Monthly cash flow
- -$741/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -8.7%
- Max offer
- $343,000
Offer ≤ $343,000 (33% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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