For saleSingle family
$175,000
3611 Queen Ave N
Minneapolis MN 55412
3 beds, 1 bath, 1,040 sqft
3611 Queen Ave N is a 3 beds, 1 bath, 1,040 sqft single family home for sale at $175,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $1,950/mo and returns $701/mo a month at a 11.5% 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
- $1,950/mo
- Monthly cash flow
- $701/mo
- Cap rate
- 11.5%
- Cash-on-cash
- 24.0%
- Max offer
- $175,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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