For saleSingle family
$359,900
2731 Cleveland St NE
Minneapolis MN 55418
4 beds, 3.5 baths, 1,976 sqft
2731 Cleveland St NE is a 4 beds, 3.5 baths, 1,976 sqft single family home for sale at $359,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $2,400/mo and returns -$169/mo a month at a 6.1% 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
- $2,400/mo
- Monthly cash flow
- -$169/mo
- Cap rate
- 6.1%
- Cash-on-cash
- -2.8%
- Max offer
- $283,500
Offer ≤ $283,500 (21% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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