For saleSingle family
$390,000
2220 Pleasant Ave
Minneapolis MN 55404
4 beds, 2 baths, 2,150 sqft
2220 Pleasant Ave is a 4 beds, 2 baths, 2,150 sqft single family home for sale at $390,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $2,350/mo and returns -$434/mo a month at a 5.3% 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
- $2,350/mo
- Monthly cash flow
- -$434/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.7%
- Max offer
- $278,000
Offer ≤ $278,000 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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