For saleSingle family
$450,000
3346 Cleveland St NE
Minneapolis MN 55418
4 beds, 2 baths, 2,170 sqft
3346 Cleveland St NE is a 4 beds, 2 baths, 2,170 sqft single family home for sale at $450,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $2,550/mo and returns -$662/mo a month at a 4.9% 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
- $2,550/mo
- Monthly cash flow
- -$662/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -8.8%
- Max offer
- $301,500
Offer ≤ $301,500 (33% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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