For saleSingle family
$380,000
6116 Queen Ave S
Minneapolis MN 55410
3 beds, 1 bath, 1,695 sqft
6116 Queen Ave S is a 3 beds, 1 bath, 1,695 sqft single family home for sale at $380,000 in Minneapolis MN 55410. At 20% down it rents for an estimated $2,900/mo and returns $187/mo a month at a 7.3% 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
- $2,900/mo
- Monthly cash flow
- $187/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.0%
- Max offer
- $342,500
Offer ≤ $342,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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