For saleSingle family
$275,000
1049 23rd Ave SE
Minneapolis MN 55414
5 beds, 2 baths, 1,719 sqft
1049 23rd Ave SE is a 5 beds, 2 baths, 1,719 sqft single family home for sale at $275,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $2,800/mo and returns $837/mo a month at a 10.3% 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
- $2,800/mo
- Monthly cash flow
- $837/mo
- Cap rate
- 10.3%
- Cash-on-cash
- 18.3%
- Max offer
- $275,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading