For saleSingle family
$310,000
3014 Sheridan Ave N
Minneapolis MN 55411
5 beds, 4 baths, 2,301 sqft
3014 Sheridan Ave N is a 5 beds, 4 baths, 2,301 sqft single family home for sale at $310,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,500/mo and returns $287/mo a month at a 7.8% 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
- $2,500/mo
- Monthly cash flow
- $287/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.6%
- Max offer
- $295,000
Offer ≤ $295,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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