For saleSingle family
$385,000
2900 30th Ave S
Minneapolis MN 55406
5 beds, 2.5 baths, 1,695 sqft
2900 30th Ave S is a 5 beds, 2.5 baths, 1,695 sqft single family home for sale at $385,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $3,150/mo and returns $402/mo a month at a 7.9% 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
- $3,150/mo
- Monthly cash flow
- $402/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $371,500
Offer ≤ $371,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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