For saleSingle family
$119,000
3023 S 31st Ave
Minneapolis MN 55406
1 bed, 1 bath, 714 sqft
3023 S 31st Ave is a 1 bed, 1 bath, 714 sqft single family home for sale at $119,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $1,200/mo and returns $350/mo a month at a 10.2% 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
- $1,200/mo
- Monthly cash flow
- $350/mo
- Cap rate
- 10.2%
- Cash-on-cash
- 17.7%
- Max offer
- $119,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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