For saleSingle family
$635,000
2708 Emerson Ave S
Minneapolis MN 55408
7 beds, 5 baths, 3,130 sqft
2708 Emerson Ave S is a 7 beds, 5 baths, 3,130 sqft single family home for sale at $635,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $3,000/mo and returns -$1,533/mo a month at a 3.8% 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
- $3,000/mo
- Monthly cash flow
- -$1,533/mo
- Cap rate
- 3.8%
- Cash-on-cash
- -14.5%
- Max offer
- $355,500
Offer ≤ $355,500 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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