For saleSingle family
$334,900
862 21st Ave SE
Minneapolis MN 55414
3 beds, 2 baths, 1,601 sqft
862 21st Ave SE is a 3 beds, 2 baths, 1,601 sqft single family home for sale at $334,900 in Minneapolis MN 55414. At 20% down it rents for an estimated $1,850/mo and returns -$541/mo a month at a 4.7% 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
- $1,850/mo
- Monthly cash flow
- -$541/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -9.7%
- Max offer
- $219,000
Offer ≤ $219,000 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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