For saleSingle family
$350,000
3217 Nicollet Ave
Minneapolis MN 55408
6 beds, 4 baths, 2,410 sqft
3217 Nicollet Ave is a 6 beds, 4 baths, 2,410 sqft single family home for sale at $350,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $2,725/mo and returns $226/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
- $2,725/mo
- Monthly cash flow
- $226/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.9%
- Max offer
- $321,500
Offer ≤ $321,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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