For saleSingle family
$285,000
633 Polk St NE
Minneapolis MN 55413
4 beds, 1 bath, 1,401 sqft
633 Polk St NE is a 4 beds, 1 bath, 1,401 sqft single family home for sale at $285,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $2,350/mo and returns $315/mo a month at a 8.0% 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
- $2,350/mo
- Monthly cash flow
- $315/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.6%
- Max offer
- $277,000
Offer ≤ $277,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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