For saleSingle family
$250,000
3140 40th Ave S
Minneapolis MN 55406
2 beds, 1 bath, 1,000 sqft
3140 40th Ave S is a 2 beds, 1 bath, 1,000 sqft single family home for sale at $250,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $2,000/mo and returns $215/mo a month at a 7.7% 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
- $2,000/mo
- Monthly cash flow
- $215/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $236,000
Offer ≤ $236,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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