For saleSingle family
$231,100
1625 Polk St NE
Minneapolis MN 55413
3 beds, 1 bath, 1,140 sqft
1625 Polk St NE is a 3 beds, 1 bath, 1,140 sqft single family home for sale at $231,100 in Minneapolis MN 55413. At 20% down it rents for an estimated $1,900/mo and returns $279/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
- $1,900/mo
- Monthly cash flow
- $279/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.2%
- Max offer
- $227,500
Offer ≤ $227,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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