For saleSingle family
$285,000
5242 Irving Ave N
Minneapolis MN 55430
3 beds, 2 baths, 1,400 sqft
5242 Irving Ave N is a 3 beds, 2 baths, 1,400 sqft single family home for sale at $285,000 in Minneapolis MN 55430. At 20% down it rents for an estimated $1,950/mo and returns -$85/mo a month at a 6.3% 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
- -$85/mo
- Cap rate
- 6.3%
- Cash-on-cash
- -1.8%
- Max offer
- $230,500
Offer ≤ $230,500 (19% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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