For saleSingle family
$305,000
878 22nd Ave SE
Minneapolis MN 55414
5 beds, 2 baths, 1,613 sqft
878 22nd Ave SE is a 5 beds, 2 baths, 1,613 sqft single family home for sale at $305,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $2,800/mo and returns $623/mo a month at a 9.1% 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
- $2,800/mo
- Monthly cash flow
- $623/mo
- Cap rate
- 9.1%
- Cash-on-cash
- 12.2%
- Max offer
- $305,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading