For saleSingle family
$239,000
2910 Russell Ave N
Minneapolis MN 55411
3 beds, 1.5 baths, 1,320 sqft
2910 Russell Ave N is a 3 beds, 1.5 baths, 1,320 sqft single family home for sale at $239,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $1,925/mo and returns $249/mo a month at a 7.8% 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
- $1,925/mo
- Monthly cash flow
- $249/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.2%
- Max offer
- $230,500
Offer ≤ $230,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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