For saleSingle family
$300,000
1203 Morgan Ave N
Minneapolis MN 55411
6 beds, 2 baths, 2,092 sqft
1203 Morgan Ave N is a 6 beds, 2 baths, 2,092 sqft single family home for sale at $300,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,725/mo and returns $621/mo a month at a 9.0% 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
- $2,725/mo
- Monthly cash flow
- $621/mo
- Cap rate
- 9.0%
- Cash-on-cash
- 12.4%
- Max offer
- $300,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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