For saleSingle family
$395,000
2406 W 54th St
Minneapolis MN 55410
3 beds, 1 bath, 1,710 sqft
2406 W 54th St is a 3 beds, 1 bath, 1,710 sqft single family home for sale at $395,000 in Minneapolis MN 55410. At 20% down it rents for an estimated $2,450/mo and returns -$370/mo a month at a 5.5% 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
- $2,450/mo
- Monthly cash flow
- -$370/mo
- Cap rate
- 5.5%
- Cash-on-cash
- -5.6%
- Max offer
- $289,500
Offer ≤ $289,500 (27% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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