For saleSingle family
$315,900
5701 38th Ave S
Minneapolis MN 55417
3 beds, 1.5 baths, 1,670 sqft
5701 38th Ave S is a 3 beds, 1.5 baths, 1,670 sqft single family home for sale at $315,900 in Minneapolis MN 55417. At 20% down it rents for an estimated $2,250/mo and returns $34/mo a month at a 6.6% 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
- $2,250/mo
- Monthly cash flow
- $34/mo
- Cap rate
- 6.6%
- Cash-on-cash
- 0.7%
- Max offer
- $269,500
Offer ≤ $269,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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