For saleSingle family
$400,000
5813 Newton Ave S
Minneapolis MN 55419
4 beds, 2 baths, 1,922 sqft
5813 Newton Ave S is a 4 beds, 2 baths, 1,922 sqft single family home for sale at $400,000 in Minneapolis MN 55419. At 20% down it rents for an estimated $3,000/mo and returns $195/mo a month at a 7.1% 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
- $3,000/mo
- Monthly cash flow
- $195/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.9%
- Max offer
- $359,500
Offer ≤ $359,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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