For saleSingle family
$389,900
3242 Ulysses St NE
Minneapolis MN 55418
3 beds, 1 bath, 1,200 sqft
3242 Ulysses St NE is a 3 beds, 1 bath, 1,200 sqft single family home for sale at $389,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $2,250/mo and returns -$533/mo a month at a 5.0% 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
- $2,250/mo
- Monthly cash flow
- -$533/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.2%
- Max offer
- $266,000
Offer ≤ $266,000 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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