For saleSingle family
$299,900
694 37th Ave NE
Minneapolis MN 55421
4 beds, 2 baths, 2,084 sqft
694 37th Ave NE is a 4 beds, 2 baths, 2,084 sqft single family home for sale at $299,900 in Minneapolis MN 55421. At 20% down it rents for an estimated $2,400/mo and returns $259/mo a month at a 7.7% 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
- $2,400/mo
- Monthly cash flow
- $259/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $283,000
Offer ≤ $283,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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