For saleSingle family
$295,900
5136 Colfax Ave N
Minneapolis MN 55430
4 beds, 1.5 baths, 1,910 sqft
5136 Colfax Ave N is a 4 beds, 1.5 baths, 1,910 sqft single family home for sale at $295,900 in Minneapolis MN 55430. At 20% down it rents for an estimated $2,400/mo and returns $288/mo a month at a 7.8% 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
- $2,400/mo
- Monthly cash flow
- $288/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.8%
- Max offer
- $283,000
Offer ≤ $283,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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