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 $2,200/mo and returns $587/mo a month at a 9.6% 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
- $2,200/mo
- Monthly cash flow
- $587/mo
- Cap rate
- 9.6%
- Cash-on-cash
- 15.3%
- Max offer
- $230,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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