For saleSingle family
$220,000
3641 Morgan Ave N
Minneapolis MN 55412
3 beds, 1,960 sqft
3641 Morgan Ave N is a 3 beds, 1,960 sqft single family home for sale at $220,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $1,950/mo and returns $379/mo a month at a 8.7% 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
- $1,950/mo
- Monthly cash flow
- $379/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.3%
- Max offer
- $220,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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