For saleSingle family
$178,800
2631 Thomas Ave N
Minneapolis MN 55411
4 beds, 2 baths, 1,411 sqft
2631 Thomas Ave N is a 4 beds, 2 baths, 1,411 sqft single family home for sale at $178,800 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,200/mo and returns $946/mo a month at a 12.9% 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
- $2,200/mo
- Monthly cash flow
- $946/mo
- Cap rate
- 12.9%
- Cash-on-cash
- 31.7%
- Max offer
- $178,800
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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