For saleSingle family
$465,000
2704 Garfield St NE
Minneapolis MN 55418
4 beds, 2 baths, 1,918 sqft
2704 Garfield St NE is a 4 beds, 2 baths, 1,918 sqft single family home for sale at $465,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $2,575/mo and returns -$745/mo a month at a 4.7% 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
- $2,575/mo
- Monthly cash flow
- -$745/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -9.6%
- Max offer
- $304,500
Offer ≤ $304,500 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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