For saleSingle family
$299,900
2315 Cleveland St NE
Minneapolis MN 55418
2 beds, 2 baths, 1,045 sqft
2315 Cleveland St NE is a 2 beds, 2 baths, 1,045 sqft single family home for sale at $299,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $1,500/mo and returns -$641/mo a month at a 4.1% 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
- $1,500/mo
- Monthly cash flow
- -$641/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.8%
- Max offer
- $177,500
Offer ≤ $177,500 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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