For saleSingle family

$269,900

3531 Colfax Ave N

Minneapolis MN 55412

4 beds, 2 baths, 1,054 sqft

3531 Colfax Ave N is a 4 beds, 2 baths, 1,054 sqft single family home for sale at $269,900 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,300/mo and returns $373/mo a month at a 8.3% 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: $2,300/mo
Monthly cash flow: $373/mo
Cap rate: 8.3%
Cash-on-cash: 8.3%
Max offer: $269,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.