For saleSingle family
$289,900
815 Newton Ave N
Minneapolis MN 55411
5 beds, 2.5 baths, 1,684 sqft
815 Newton Ave N is a 5 beds, 2.5 baths, 1,684 sqft single family home for sale at $289,900 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,475/mo and returns $442/mo a month at a 8.3% 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
- $2,475/mo
- Monthly cash flow
- $442/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 9.1%
- Max offer
- $289,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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