For saleSingle family
$324,500
4630 Colfax Ave N
Minneapolis MN 55412
5 beds, 2 baths, 1,775 sqft
4630 Colfax Ave N is a 5 beds, 2 baths, 1,775 sqft single family home for sale at $324,500 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,725/mo and returns $408/mo a month at a 8.2% 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
- $2,725/mo
- Monthly cash flow
- $408/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.6%
- Max offer
- $321,500
Offer ≤ $321,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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