For saleSingle family
$193,500
3315 Colfax Ave N
Minneapolis MN 55412
3 beds, 2 baths, 1,252 sqft
3315 Colfax Ave N is a 3 beds, 2 baths, 1,252 sqft single family home for sale at $193,500 in Minneapolis MN 55412. At 20% down it rents for an estimated $1,850/mo and returns $469/mo a month at a 9.6% 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
- $1,850/mo
- Monthly cash flow
- $469/mo
- Cap rate
- 9.6%
- Cash-on-cash
- 14.5%
- Max offer
- $193,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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