For saleSingle family
$239,900
3506 Queen Ave N
Minneapolis MN 55412
3 beds, 1 bath, 1,260 sqft
3506 Queen Ave N is a 3 beds, 1 bath, 1,260 sqft single family home for sale at $239,900 in Minneapolis MN 55412. At 20% down it rents for an estimated $1,900/mo and returns $217/mo a month at a 7.6% 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
- $1,900/mo
- Monthly cash flow
- $217/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.4%
- Max offer
- $227,500
Offer ≤ $227,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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