For saleSingle family
$699,900
2307 McKinley St NE
Minneapolis MN 55418
4 beds, 3 baths, 2,744 sqft
2307 McKinley St NE is a 4 beds, 3 baths, 2,744 sqft single family home for sale at $699,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $2,375/mo and returns -$2,621/mo a month at a 2.2% 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
- $2,375/mo
- Monthly cash flow
- -$2,621/mo
- Cap rate
- 2.2%
- Cash-on-cash
- -22.5%
- Max offer
- $283,000
Offer ≤ $283,000 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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