For saleSingle family
$295,000
3647 Sheridan Ave N
Minneapolis MN 55412
4 beds, 1 bath, 1,336 sqft
3647 Sheridan Ave N is a 4 beds, 1 bath, 1,336 sqft single family home for sale at $295,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,400/mo and returns $294/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
- $2,400/mo
- Monthly cash flow
- $294/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.0%
- Max offer
- $283,000
Offer ≤ $283,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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