For saleSingle family
$359,900
3039 E 45th St
Minneapolis MN 55406
3 beds, 2 baths, 1,250 sqft
3039 E 45th St is a 3 beds, 2 baths, 1,250 sqft single family home for sale at $359,900 in Minneapolis MN 55406. At 20% down it rents for an estimated $2,200/mo and returns -$369/mo a month at a 5.4% 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
- -$369/mo
- Cap rate
- 5.4%
- Cash-on-cash
- -6.2%
- Max offer
- $260,000
Offer ≤ $260,000 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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