For saleTownhouse
$249,900
2407 16th Ave S
Minneapolis MN 55404
4 beds, 2 baths, 1,772 sqft
2407 16th Ave S is a 4 beds, 2 baths, 1,772 sqft townhouse home for sale at $249,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $2,050/mo and returns $29/mo a month at a 6.8% 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
- $2,050/mo
- Monthly cash flow
- $29/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.7%
- Max offer
- $212,000
Offer ≤ $212,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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