For saleSingle family
$309,900
100 E 38th St
Minneapolis MN 55409
4 beds, 2 baths, 1,127 sqft
100 E 38th St is a 4 beds, 2 baths, 1,127 sqft single family home for sale at $309,900 in Minneapolis MN 55409. At 20% down it rents for an estimated $2,450/mo and returns $238/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
- $2,450/mo
- Monthly cash flow
- $238/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.6%
- Max offer
- $289,000
Offer ≤ $289,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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