For saleSingle family
$299,900
3230 Colfax Ave N
Minneapolis MN 55412
4 beds, 2.5 baths, 1,775 sqft
3230 Colfax Ave N is a 4 beds, 2.5 baths, 1,775 sqft single family home for sale at $299,900 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,275/mo and returns $172/mo a month at a 7.2% 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
- $2,275/mo
- Monthly cash flow
- $172/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.4%
- Max offer
- $272,500
Offer ≤ $272,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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