For saleSingle family
$349,900
2514 28th Ave S
Minneapolis MN 55406
3 beds, 1 bath, 1,509 sqft
2514 28th Ave S is a 3 beds, 1 bath, 1,509 sqft single family home for sale at $349,900 in Minneapolis MN 55406. At 20% down it rents for an estimated $1,725/mo and returns -$773/mo a month at a 4.0% 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
- $1,725/mo
- Monthly cash flow
- -$773/mo
- Cap rate
- 4.0%
- Cash-on-cash
- -13.3%
- Max offer
- $204,500
Offer ≤ $204,500 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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