For saleSingle family
$450,000
6020 12th Ave S
Minneapolis MN 55417
4 beds, 2 baths, 2,174 sqft
6020 12th Ave S is a 4 beds, 2 baths, 2,174 sqft single family home for sale at $450,000 in Minneapolis MN 55417. At 20% down it rents for an estimated $2,700/mo and returns -$512/mo a month at a 5.3% 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
- $2,700/mo
- Monthly cash flow
- -$512/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.8%
- Max offer
- $319,500
Offer ≤ $319,500 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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