For saleSingle family
$225,000
1861 E 37th St
Minneapolis MN 55407
2 beds, 2 baths, 1,208 sqft
1861 E 37th St is a 2 beds, 2 baths, 1,208 sqft single family home for sale at $225,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $1,400/mo and returns -$206/mo a month at a 5.6% 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
- $1,400/mo
- Monthly cash flow
- -$206/mo
- Cap rate
- 5.6%
- Cash-on-cash
- -5.5%
- Max offer
- $165,500
Offer ≤ $165,500 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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