For saleSingle family
$400,000
2939 30th Ave S
Minneapolis MN 55406
4 beds, 2 baths, 2,007 sqft
2939 30th Ave S is a 4 beds, 2 baths, 2,007 sqft single family home for sale at $400,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $2,850/mo and returns -$6/mo a month at a 6.7% 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
- $2,850/mo
- Monthly cash flow
- -$6/mo
- Cap rate
- 6.7%
- Cash-on-cash
- -0.1%
- Max offer
- $336,500
Offer ≤ $336,500 (16% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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