For saleSingle family
$249,900
3466 3rd St NE
Minneapolis MN 55418
3 beds, 1 bath, 842 sqft
3466 3rd St NE is a 3 beds, 1 bath, 842 sqft single family home for sale at $249,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $1,900/mo and returns $116/mo a month at a 7.2% 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
- $1,900/mo
- Monthly cash flow
- $116/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.8%
- Max offer
- $224,000
Offer ≤ $224,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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