For saleSingle family
$379,900
5515 15th Ave S
Minneapolis MN 55417
4 beds, 2 baths, 1,592 sqft
5515 15th Ave S is a 4 beds, 2 baths, 1,592 sqft single family home for sale at $379,900 in Minneapolis MN 55417. At 20% down it rents for an estimated $2,675/mo and returns -$37/mo a month at a 6.5% 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
- $2,675/mo
- Monthly cash flow
- -$37/mo
- Cap rate
- 6.5%
- Cash-on-cash
- -0.6%
- Max offer
- $316,000
Offer ≤ $316,000 (17% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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