For saleSingle family
$274,900
1118 24th Ave N
Minneapolis MN 55411
4 beds, 1.5 baths, 1,440 sqft
1118 24th Ave N is a 4 beds, 1.5 baths, 1,440 sqft single family home for sale at $274,900 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,275/mo and returns $347/mo a month at a 8.0% 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
- $2,275/mo
- Monthly cash flow
- $347/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.6%
- Max offer
- $272,500
Offer ≤ $272,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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