For saleSingle family
$245,000
3422 Emerson Ave N
Minneapolis MN 55412
4 beds, 2 baths, 1,860 sqft
3422 Emerson Ave N is a 4 beds, 2 baths, 1,860 sqft single family home for sale at $245,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,300/mo and returns $551/mo a month at a 9.4% 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
- $551/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 13.5%
- Max offer
- $245,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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