For saleSingle family
$309,900
3601 Emerson Ave N
Minneapolis MN 55412
5 beds, 2 baths, 1,701 sqft
3601 Emerson Ave N is a 5 beds, 2 baths, 1,701 sqft single family home for sale at $309,900 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,550/mo and returns $338/mo a month at a 8.0% 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
- $338/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.5%
- Max offer
- $301,000
Offer ≤ $301,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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