For saleSingle family
$319,000
842 24th Ave SE
Minneapolis MN 55414
5 beds, 2 baths, 1,536 sqft
842 24th Ave SE is a 5 beds, 2 baths, 1,536 sqft single family home for sale at $319,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $2,800/mo and returns $523/mo a month at a 8.6% 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
- $2,800/mo
- Monthly cash flow
- $523/mo
- Cap rate
- 8.6%
- Cash-on-cash
- 9.8%
- Max offer
- $319,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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