For saleSingle family
$215,000
3439 Penn Ave N
Minneapolis MN 55412
2 beds, 1.5 baths, 1,055 sqft
3439 Penn Ave N is a 2 beds, 1.5 baths, 1,055 sqft single family home for sale at $215,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $1,550/mo and returns $42/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
- $1,550/mo
- Monthly cash flow
- $42/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.2%
- Max offer
- $185,500
Offer ≤ $185,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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