For saleSingle family
$365,000
2637 2nd Ave S
Minneapolis MN 55408
3 beds, 1 bath, 1,516 sqft
2637 2nd Ave S is a 3 beds, 1 bath, 1,516 sqft single family home for sale at $365,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,775/mo and returns -$831/mo a month at a 3.9% 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
- $1,775/mo
- Monthly cash flow
- -$831/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -13.7%
- Max offer
- $210,500
Offer ≤ $210,500 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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