For saleSingle family
$249,900
2427 Ilion Ave N
Minneapolis MN 55411
3 beds, 1 bath, 1,769 sqft
2427 Ilion Ave N is a 3 beds, 1 bath, 1,769 sqft single family home for sale at $249,900 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,000/mo and returns $247/mo a month at a 7.7% 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
- $2,000/mo
- Monthly cash flow
- $247/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.9%
- Max offer
- $239,500
Offer ≤ $239,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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