For saleSingle family
$289,500
3301 Lyndale Ave N
Minneapolis MN 55412
4 beds, 1.5 baths, 1,692 sqft
3301 Lyndale Ave N is a 4 beds, 1.5 baths, 1,692 sqft single family home for sale at $289,500 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,350/mo and returns $283/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
- $2,350/mo
- Monthly cash flow
- $283/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.9%
- Max offer
- $277,000
Offer ≤ $277,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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