For saleSingle family
$271,000
2810 Penn Ave N
Minneapolis MN 55411
4 beds, 2 baths, 1,680 sqft
2810 Penn Ave N is a 4 beds, 2 baths, 1,680 sqft single family home for sale at $271,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,225/mo and returns $290/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
- $2,225/mo
- Monthly cash flow
- $290/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.4%
- Max offer
- $262,500
Offer ≤ $262,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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