For saleSingle family

$499,900

243 Riverview St

Knife River MN 55609

4 beds, 4 baths, 2,170 sqft

243 Riverview St is a 4 beds, 4 baths, 2,170 sqft single family home for sale at $499,900 in Knife River MN 55609. At 20% down it rents for an estimated $3,750/mo and returns $244/mo a month at a 7.1% 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
$3,750/mo
Monthly cash flow
$244/mo
Cap rate
7.1%
Cash-on-cash
2.9%
Max offer
$449,000

Offer ≤ $449,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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