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 $2,425/mo and returns $355/mo a month at a 8.1% 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
- $2,425/mo
- Monthly cash flow
- $355/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.4%
- Max offer
- $286,000
Offer ≤ $286,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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