For saleSingle family
$160,000
2907 Penn Ave N
Minneapolis MN 55411
2 beds, 2 baths, 1,016 sqft
2907 Penn Ave N is a 2 beds, 2 baths, 1,016 sqft single family home for sale at $160,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $1,550/mo and returns $408/mo a month at a 9.7% 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
- $1,550/mo
- Monthly cash flow
- $408/mo
- Cap rate
- 9.7%
- Cash-on-cash
- 15.3%
- Max offer
- $160,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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