For saleSingle family
$259,900
3612 Chicago Ave
Minneapolis MN 55407
3 beds, 1 bath, 1,177 sqft
3612 Chicago Ave is a 3 beds, 1 bath, 1,177 sqft single family home for sale at $259,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,100/mo and returns $277/mo a month at a 7.8% 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
- $2,100/mo
- Monthly cash flow
- $277/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.4%
- Max offer
- $251,500
Offer ≤ $251,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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