For saleSingle family
$657,945
11876 38th Pl NE
Saint Michael MN 55376
3 beds, 2 baths, 1,878 sqft
11876 38th Pl NE is a 3 beds, 2 baths, 1,878 sqft single family home for sale at $657,945 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,550/mo and returns -$2,147/mo a month at a 2.8% 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
- $2,550/mo
- Monthly cash flow
- -$2,147/mo
- Cap rate
- 2.8%
- Cash-on-cash
- -19.6%
- Max offer
- $303,000
Offer ≤ $303,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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