For saleTownhouse

$186,000

1613 E 24th St

Minneapolis MN 55404

4 beds, 1.5 baths, 1,440 sqft

1613 E 24th St is a 4 beds, 1.5 baths, 1,440 sqft townhouse home for sale at $186,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $2,050/mo and returns $479/mo a month at a 9.6% 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
$2,050/mo
Monthly cash flow
$479/mo
Cap rate
9.6%
Cash-on-cash
15.4%
Max offer
$186,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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