For saleSingle family
$160,000
1109 23rd Ave N
Minneapolis MN 55411
3 beds, 1 bath, 1,474 sqft
1109 23rd Ave N is a 3 beds, 1 bath, 1,474 sqft single family home for sale at $160,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,000/mo and returns $878/mo a month at a 13.1% 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
- $878/mo
- Cap rate
- 13.1%
- Cash-on-cash
- 32.9%
- Max offer
- $160,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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