For saleSingle family
$589,900
2001 W 61st St
Minneapolis MN 55419
4 beds, 3 baths, 2,676 sqft
2001 W 61st St is a 4 beds, 3 baths, 2,676 sqft single family home for sale at $589,900 in Minneapolis MN 55419. At 20% down it rents for an estimated $3,800/mo and returns -$411/mo a month at a 5.8% 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
- $3,800/mo
- Monthly cash flow
- -$411/mo
- Cap rate
- 5.8%
- Cash-on-cash
- -4.2%
- Max offer
- $449,000
Offer ≤ $449,000 (24% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading