For saleSingle family
$244,900
3237 Sheridan Ave N
Minneapolis MN 55412
6 beds, 2 baths, 2,346 sqft
3237 Sheridan Ave N is a 6 beds, 2 baths, 2,346 sqft single family home for sale at $244,900 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,725/mo and returns $1,007/mo a month at a 11.5% 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
- $2,725/mo
- Monthly cash flow
- $1,007/mo
- Cap rate
- 11.5%
- Cash-on-cash
- 24.7%
- Max offer
- $244,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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