For saleSingle family
$240,000
916 20th Ave NE
Minneapolis MN 55418
3 beds, 1 bath, 1,318 sqft
916 20th Ave NE is a 3 beds, 1 bath, 1,318 sqft single family home for sale at $240,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $1,850/mo and returns $137/mo a month at a 7.3% 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
- $1,850/mo
- Monthly cash flow
- $137/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.4%
- Max offer
- $218,500
Offer ≤ $218,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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