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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