For saleSingle family
$274,000
1655 Washburn Ave N
Minneapolis MN 55411
4 beds, 1 bath, 1,356 sqft
1655 Washburn Ave N is a 4 beds, 1 bath, 1,356 sqft single family home for sale at $274,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,200/mo and returns $244/mo a month at a 7.7% 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
- $2,200/mo
- Monthly cash flow
- $244/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.3%
- Max offer
- $259,500
Offer ≤ $259,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading