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 $2,375/mo and returns $305/mo a month at a 7.9% 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
- $2,375/mo
- Monthly cash flow
- $305/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $280,000
Offer ≤ $280,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading