For saleSingle family
$350,000
6001 Thomas Ave S
Minneapolis MN 55410
4 beds, 1 bath, 1,616 sqft
6001 Thomas Ave S is a 4 beds, 1 bath, 1,616 sqft single family home for sale at $350,000 in Minneapolis MN 55410. At 20% down it rents for an estimated $4,000/mo and returns $1,501/mo a month at a 11.8% 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
- $4,000/mo
- Monthly cash flow
- $1,501/mo
- Cap rate
- 11.8%
- Cash-on-cash
- 25.7%
- Max offer
- $350,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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