For saleSingle family
$239,900
6124 1st Ave S
Minneapolis MN 55419
2 beds, 1 bath, 769 sqft
6124 1st Ave S is a 2 beds, 1 bath, 769 sqft single family home for sale at $239,900 in Minneapolis MN 55419. At 20% down it rents for an estimated $1,850/mo and returns $167/mo a month at a 7.4% 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
- $1,850/mo
- Monthly cash flow
- $167/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.2%
- Max offer
- $221,500
Offer ≤ $221,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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