For saleSingle family
$314,900
3310 Sheridan Ave N
Minneapolis MN 55412
3 beds, 2 baths, 1,668 sqft
3310 Sheridan Ave N is a 3 beds, 2 baths, 1,668 sqft single family home for sale at $314,900 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,000/mo and returns -$248/mo a month at a 5.7% 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
- $2,000/mo
- Monthly cash flow
- -$248/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -4.7%
- Max offer
- $236,500
Offer ≤ $236,500 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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