For saleSingle family
$500,000
2531 Joppa Ave S
Saint Louis Park MN 55416
3 beds, 3 baths, 2,078 sqft
2531 Joppa Ave S is a 3 beds, 3 baths, 2,078 sqft single family home for sale at $500,000 in Saint Louis Park MN 55416. At 20% down it rents for an estimated $2,275/mo and returns -$1,294/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
- $2,275/mo
- Monthly cash flow
- -$1,294/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.5%
- Max offer
- $270,000
Offer ≤ $270,000 (46% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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