For saleSingle family
$249,900
5118 James Ave N
Minneapolis MN 55430
3 beds, 1 bath, 1,543 sqft
5118 James Ave N is a 3 beds, 1 bath, 1,543 sqft single family home for sale at $249,900 in Minneapolis MN 55430. At 20% down it rents for an estimated $2,050/mo and returns $297/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
- $2,050/mo
- Monthly cash flow
- $297/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 7.1%
- Max offer
- $245,500
Offer ≤ $245,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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