For saleSingle family
$254,900
3239 Penn Ave N
Minneapolis MN 55412
4 beds, 2 baths, 1,643 sqft
3239 Penn Ave N is a 4 beds, 2 baths, 1,643 sqft single family home for sale at $254,900 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,200/mo and returns $412/mo a month at a 8.5% 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
- $2,200/mo
- Monthly cash flow
- $412/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 9.7%
- Max offer
- $254,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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