For saleSingle family
$400,000
3514 3rd St NE
Minneapolis MN 55418
4 beds, 3 baths, 2,300 sqft
3514 3rd St NE is a 4 beds, 3 baths, 2,300 sqft single family home for sale at $400,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $2,375/mo and returns -$481/mo a month at a 5.2% 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
- -$481/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.2%
- Max offer
- $281,000
Offer ≤ $281,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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