For saleSingle family
$381,000
1623 Penn Ave N
Minneapolis MN 55411
7 beds, 2 baths, 3,176 sqft
1623 Penn Ave N is a 7 beds, 2 baths, 3,176 sqft single family home for sale at $381,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,900/mo and returns $228/mo a month at a 7.2% 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
- $228/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.6%
- Max offer
- $347,500
Offer ≤ $347,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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