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 $1,850/mo and returns $200/mo a month at a 7.7% 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
- $1,850/mo
- Monthly cash flow
- $200/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $218,000
Offer ≤ $218,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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