For saleSingle family
$389,900
2223 Cole Ave SE
Minneapolis MN 55414
7 beds, 2 baths, 1,052 sqft
2223 Cole Ave SE is a 7 beds, 2 baths, 1,052 sqft single family home for sale at $389,900 in Minneapolis MN 55414. At 20% down it rents for an estimated $3,150/mo and returns $415/mo a month at a 7.8% 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
- $3,150/mo
- Monthly cash flow
- $415/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.4%
- Max offer
- $377,000
Offer ≤ $377,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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