For saleSingle family
$174,900
3224 Portland Ave
Minneapolis MN 55407
3 beds, 1 bath, 1,608 sqft
3224 Portland Ave is a 3 beds, 1 bath, 1,608 sqft single family home for sale at $174,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,050/mo and returns $823/mo a month at a 12.2% 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
- $2,050/mo
- Monthly cash flow
- $823/mo
- Cap rate
- 12.2%
- Cash-on-cash
- 28.2%
- Max offer
- $174,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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