For saleSingle family
$1,655,000
1724 Summit Ave
Minneapolis MN 55403
4 beds, 5.5 baths, 7,639 sqft
1724 Summit Ave is a 4 beds, 5.5 baths, 7,639 sqft single family home for sale at $1,655,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $2,800/mo and returns -$9,015/mo a month at a 0.1% 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
- $2,800/mo
- Monthly cash flow
- -$9,015/mo
- Cap rate
- 0.1%
- Cash-on-cash
- -32.7%
- Max offer
- $339,000
Offer ≤ $339,000 (80% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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