For saleSingle family
$370,000
4034 Cleveland St NE
Columbia Heights MN 55421
5 beds, 3.5 baths, 2,380 sqft
4034 Cleveland St NE is a 5 beds, 3.5 baths, 2,380 sqft single family home for sale at $370,000 in Columbia Heights MN 55421. At 20% down it rents for an estimated $2,900/mo and returns $305/mo a month at a 7.5% 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
- $2,900/mo
- Monthly cash flow
- $305/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.9%
- Max offer
- $347,500
Offer ≤ $347,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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