For saleSingle family
$239,900
2646 Longfellow Ave
Minneapolis MN 55407
3 beds, 2 baths, 1,304 sqft
2646 Longfellow Ave is a 3 beds, 2 baths, 1,304 sqft single family home for sale at $239,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $1,950/mo and returns $267/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
- $1,950/mo
- Monthly cash flow
- $267/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.7%
- Max offer
- $233,500
Offer ≤ $233,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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