For saleSingle family
$339,990
1115 Newton Ave N
Minneapolis MN 55411
4 beds, 2.5 baths, 2,224 sqft
1115 Newton Ave N is a 4 beds, 2.5 baths, 2,224 sqft single family home for sale at $339,990 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,200/mo and returns -$227/mo a month at a 5.9% 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
- $2,200/mo
- Monthly cash flow
- -$227/mo
- Cap rate
- 5.9%
- Cash-on-cash
- -4.0%
- Max offer
- $260,000
Offer ≤ $260,000 (24% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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