For saleSingle family
$425,900
2820 Cleveland St NE
Minneapolis MN 55418
2 beds, 1 bath, 1,459 sqft
2820 Cleveland St NE is a 2 beds, 1 bath, 1,459 sqft single family home for sale at $425,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $1,500/mo and returns -$1,540/mo a month at a 2.3% 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
- $1,500/mo
- Monthly cash flow
- -$1,540/mo
- Cap rate
- 2.3%
- Cash-on-cash
- -21.7%
- Max offer
- $178,500
Offer ≤ $178,500 (58% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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