For saleSingle family
$289,900
1218 Queen Ave N
Minneapolis MN 55411
4 beds, 1.5 baths, 1,604 sqft
1218 Queen Ave N is a 4 beds, 1.5 baths, 1,604 sqft single family home for sale at $289,900 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,225/mo and returns $192/mo a month at a 7.3% 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
- $2,225/mo
- Monthly cash flow
- $192/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.0%
- Max offer
- $266,500
Offer ≤ $266,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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