For saleSingle family
$450,000
3111 Cleveland St NE
Minneapolis MN 55418
3 beds, 2 baths, 1,730 sqft
3111 Cleveland St NE is a 3 beds, 2 baths, 1,730 sqft single family home for sale at $450,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $2,250/mo and returns -$962/mo a month at a 4.1% 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
- $2,250/mo
- Monthly cash flow
- -$962/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.8%
- Max offer
- $266,500
Offer ≤ $266,500 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading