For saleSingle family
$334,900
2615 Columbus Ave
Minneapolis MN 55407
5 beds, 2 baths, 2,076 sqft
2615 Columbus Ave is a 5 beds, 2 baths, 2,076 sqft single family home for sale at $334,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,450/mo and returns $101/mo a month at a 6.9% 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
- $2,450/mo
- Monthly cash flow
- $101/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.8%
- Max offer
- $293,500
Offer ≤ $293,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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