For saleSingle family
$350,000
3512 Harriet Ave
Minneapolis MN 55408
3 beds, 2 baths, 1,520 sqft
3512 Harriet Ave is a 3 beds, 2 baths, 1,520 sqft single family home for sale at $350,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,900/mo and returns -$599/mo a month at a 4.6% 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
- $1,900/mo
- Monthly cash flow
- -$599/mo
- Cap rate
- 4.6%
- Cash-on-cash
- -10.3%
- Max offer
- $225,000
Offer ≤ $225,000 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading