For saleSingle family
$300,000
1214 Penn Ave N
Minneapolis MN 55411
4 beds, 2 baths, 1,638 sqft
1214 Penn Ave N is a 4 beds, 2 baths, 1,638 sqft single family home for sale at $300,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,225/mo and returns $121/mo a month at a 7.0% 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
- $2,225/mo
- Monthly cash flow
- $121/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.4%
- Max offer
- $266,500
Offer ≤ $266,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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