For saleSingle family
$364,900
5904 Queen Ave S
Minneapolis MN 55410
3 beds, 2 baths, 1,516 sqft
5904 Queen Ave S is a 3 beds, 2 baths, 1,516 sqft single family home for sale at $364,900 in Minneapolis MN 55410. At 20% down it rents for an estimated $2,900/mo and returns $295/mo a month at a 7.6% 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
- $2,900/mo
- Monthly cash flow
- $295/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.9%
- Max offer
- $342,000
Offer ≤ $342,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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