For saleSingle family
$385,000
4648 1st Ave S
Minneapolis MN 55419
3 beds, 1 bath, 1,903 sqft
4648 1st Ave S is a 3 beds, 1 bath, 1,903 sqft single family home for sale at $385,000 in Minneapolis MN 55419. At 20% down it rents for an estimated $2,400/mo and returns -$348/mo a month at a 5.6% 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
- $2,400/mo
- Monthly cash flow
- -$348/mo
- Cap rate
- 5.6%
- Cash-on-cash
- -5.4%
- Max offer
- $283,500
Offer ≤ $283,500 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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