For saleSingle family
$289,900
401 42nd Ave NE
Minneapolis MN 55421
4 beds, 2 baths, 1,768 sqft
401 42nd Ave NE is a 4 beds, 2 baths, 1,768 sqft single family home for sale at $289,900 in Minneapolis MN 55421. At 20% down it rents for an estimated $2,575/mo and returns $542/mo a month at a 8.8% 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
- $2,575/mo
- Monthly cash flow
- $542/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 11.2%
- Max offer
- $289,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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