For saleSingle family
$300,000
2114 Queen Ave N
Minneapolis MN 55411
6 beds, 3.5 baths, 2,600 sqft
2114 Queen Ave N is a 6 beds, 3.5 baths, 2,600 sqft single family home for sale at $300,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,800/mo and returns $696/mo a month at a 9.3% 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
- $2,800/mo
- Monthly cash flow
- $696/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.9%
- Max offer
- $300,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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