For saleSingle family
$127,000
3522 Colfax Ave N
Minneapolis MN 55412
1 bed, 1 bath, 660 sqft
3522 Colfax Ave N is a 1 bed, 1 bath, 660 sqft single family home for sale at $127,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $1,050/mo and returns $143/mo a month at a 8.0% 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
- $1,050/mo
- Monthly cash flow
- $143/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.8%
- Max offer
- $123,500
Offer ≤ $123,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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