For saleSingle family
$269,000
3953 38th Ave S
Minneapolis MN 55406
3 beds, 1 bath, 1,070 sqft
3953 38th Ave S is a 3 beds, 1 bath, 1,070 sqft single family home for sale at $269,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $2,200/mo and returns $313/mo a month at a 7.9% 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
- $2,200/mo
- Monthly cash flow
- $313/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 7.0%
- Max offer
- $263,500
Offer ≤ $263,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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