For saleSingle family

$214,900

901 31st Ave N

Minneapolis MN 55411

3 beds, 2 baths, 1,396 sqft

901 31st Ave N is a 3 beds, 2 baths, 1,396 sqft single family home for sale at $214,900 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,000/mo and returns $493/mo a month at a 9.3% 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
$2,000/mo
Monthly cash flow
$493/mo
Cap rate
9.3%
Cash-on-cash
13.8%
Max offer
$214,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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