For saleTownhouse
$350,000
816 24th Ave NE
Minneapolis MN 55418
3 beds, 3 baths, 1,452 sqft
816 24th Ave NE is a 3 beds, 3 baths, 1,452 sqft townhouse home for sale at $350,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $1,750/mo and returns -$1,213/mo a month at a 2.5% 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
- $1,750/mo
- Monthly cash flow
- -$1,213/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.8%
- Max offer
- $141,500
Offer ≤ $141,500 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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