For saleSingle family
$279,900
3713 Penn Ave N
Minneapolis MN 55412
4 beds, 3.5 baths, 2,064 sqft
3713 Penn Ave N is a 4 beds, 3.5 baths, 2,064 sqft single family home for sale at $279,900 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,450/mo and returns $452/mo a month at a 8.6% 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
- $2,450/mo
- Monthly cash flow
- $452/mo
- Cap rate
- 8.6%
- Cash-on-cash
- 9.7%
- Max offer
- $279,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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