For saleSingle family
$229,000
1223 Oliver Ave N
Minneapolis MN 55411
4 beds, 1.5 baths, 1,712 sqft
1223 Oliver Ave N is a 4 beds, 1.5 baths, 1,712 sqft single family home for sale at $229,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,200/mo and returns $565/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
- $565/mo
- Cap rate
- 9.6%
- Cash-on-cash
- 14.8%
- Max offer
- $229,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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