For saleSingle family
$569,900
3121 Park Ave
Minneapolis MN 55407
5 beds, 4 baths, 2,954 sqft
3121 Park Ave is a 5 beds, 4 baths, 2,954 sqft single family home for sale at $569,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,325/mo and returns -$1,743/mo a month at a 3.0% 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
- $2,325/mo
- Monthly cash flow
- -$1,743/mo
- Cap rate
- 3.0%
- Cash-on-cash
- -18.4%
- Max offer
- $276,000
Offer ≤ $276,000 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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