For saleSingle family
$249,900
3321 Hennepin Ave
Minneapolis MN 55408
3 beds, 1.5 baths, 1,362 sqft
3321 Hennepin Ave is a 3 beds, 1.5 baths, 1,362 sqft single family home for sale at $249,900 in Minneapolis MN 55408. At 20% down it rents for an estimated $2,000/mo and returns $216/mo a month at a 7.7% 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
- $216/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $236,000
Offer ≤ $236,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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