For saleSingle family
$230,000
3251 Colfax Ave N
Minneapolis MN 55412
4 beds, 1 bath, 1,783 sqft
3251 Colfax Ave N is a 4 beds, 1 bath, 1,783 sqft single family home for sale at $230,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,325/mo and returns $683/mo a month at a 10.2% 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
- $2,325/mo
- Monthly cash flow
- $683/mo
- Cap rate
- 10.2%
- Cash-on-cash
- 17.8%
- Max offer
- $230,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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