For saleSingle family
$585,000
321 E Diamond Lake Rd
Minneapolis MN 55419
4 beds, 3 baths, 2,971 sqft
321 E Diamond Lake Rd is a 4 beds, 3 baths, 2,971 sqft single family home for sale at $585,000 in Minneapolis MN 55419. At 20% down it rents for an estimated $2,700/mo and returns -$1,476/mo a month at a 3.6% 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
- $2,700/mo
- Monthly cash flow
- -$1,476/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.1%
- Max offer
- $320,000
Offer ≤ $320,000 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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