For saleSingle family
$250,000
2946 Vincent Ave N
Minneapolis MN 55411
3 beds, 2 baths, 1,380 sqft
2946 Vincent Ave N is a 3 beds, 2 baths, 1,380 sqft single family home for sale at $250,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $1,900/mo and returns $115/mo a month at a 7.2% 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
- $1,900/mo
- Monthly cash flow
- $115/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.8%
- Max offer
- $224,000
Offer ≤ $224,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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