For saleSingle family
$248,500
2116 2nd Ave N
Minneapolis MN 55405
3 beds, 2.5 baths, 1,800 sqft
2116 2nd Ave N is a 3 beds, 2.5 baths, 1,800 sqft single family home for sale at $248,500 in Minneapolis MN 55405. At 20% down it rents for an estimated $1,950/mo and returns $207/mo a month at a 7.5% 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
- $1,950/mo
- Monthly cash flow
- $207/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 5.0%
- Max offer
- $233,500
Offer ≤ $233,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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