For saleSingle family
$164,500
3103 Colfax Ave N
Minneapolis MN 55411
3 beds, 1.5 baths, 1,050 sqft
3103 Colfax Ave N is a 3 beds, 1.5 baths, 1,050 sqft single family home for sale at $164,500 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,000/mo and returns $846/mo a month at a 12.7% 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
- $2,000/mo
- Monthly cash flow
- $846/mo
- Cap rate
- 12.7%
- Cash-on-cash
- 30.9%
- Max offer
- $164,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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