For saleSingle family
$275,000
3539 Snelling Ave
Minneapolis MN 55406
3 beds, 2 baths, 1,419 sqft
3539 Snelling Ave is a 3 beds, 2 baths, 1,419 sqft single family home for sale at $275,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $2,250/mo and returns $287/mo a month at a 7.9% 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
- $2,250/mo
- Monthly cash flow
- $287/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $265,500
Offer ≤ $265,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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