For saleSingle family
$395,000
6164 Colfax Ln S
Minneapolis MN 55419
3 beds, 1 bath, 1,233 sqft
6164 Colfax Ln S is a 3 beds, 1 bath, 1,233 sqft single family home for sale at $395,000 in Minneapolis MN 55419. At 20% down it rents for an estimated $2,400/mo and returns -$420/mo a month at a 5.4% 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
- $2,400/mo
- Monthly cash flow
- -$420/mo
- Cap rate
- 5.4%
- Cash-on-cash
- -6.4%
- Max offer
- $284,000
Offer ≤ $284,000 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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