For saleSingle family
$249,900
1040 24th Ave SE
Minneapolis MN 55414
2 beds, 1 bath, 1,150 sqft
1040 24th Ave SE is a 2 beds, 1 bath, 1,150 sqft single family home for sale at $249,900 in Minneapolis MN 55414. At 20% down it rents for an estimated $1,650/mo and returns -$134/mo a month at a 6.0% 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
- $1,650/mo
- Monthly cash flow
- -$134/mo
- Cap rate
- 6.0%
- Cash-on-cash
- -3.2%
- Max offer
- $195,000
Offer ≤ $195,000 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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