For saleSingle family
$385,000
6032 Logan Ave S
Minneapolis MN 55419
3 beds, 1 bath, 1,475 sqft
6032 Logan Ave S is a 3 beds, 1 bath, 1,475 sqft single family home for sale at $385,000 in Minneapolis MN 55419. At 20% down it rents for an estimated $2,900/mo and returns $152/mo a month at a 7.1% 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
- $152/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.4%
- Max offer
- $342,500
Offer ≤ $342,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading