For saleSingle family
$389,900
2820 31st Ave S
Minneapolis MN 55406
3 beds, 2 baths, 1,976 sqft
2820 31st Ave S is a 3 beds, 2 baths, 1,976 sqft single family home for sale at $389,900 in Minneapolis MN 55406. At 20% down it rents for an estimated $2,350/mo and returns -$433/mo a month at a 5.3% 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
- $2,350/mo
- Monthly cash flow
- -$433/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.7%
- Max offer
- $278,000
Offer ≤ $278,000 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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