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 $2,200/mo and returns $131/mo a month at a 7.0% 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
- $2,200/mo
- Monthly cash flow
- $131/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.7%
- Max offer
- $263,500
Offer ≤ $263,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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