For saleSingle family
$305,000
4223 Nokomis Ave
Minneapolis MN 55406
3 beds, 1 bath, 1,460 sqft
4223 Nokomis Ave is a 3 beds, 1 bath, 1,460 sqft single family home for sale at $305,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $2,200/mo and returns $61/mo a month at a 6.8% 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
- $2,200/mo
- Monthly cash flow
- $61/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.2%
- Max offer
- $263,500
Offer ≤ $263,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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