Minnesota Rental Property Value

[Corey Blane]

Question: In Minnesota what cap rate are investors looking for (generally speaking)? I'm in the process of securing a duplex (up down). It's 3/1 up and 3/1 down. The leases are 1500/mo each for a total of 3000/mo. 

I'm wanting to sell the property to an investor almost immediately after the purchase. 

In looking at comps there's a duplex (up down) 3/1 and 2/1 that recently sold for $300k a few blocks away. It's renting at 1000/mo and 850/mo. Same age, location...etc. 

Thoughts on how to price this property with the limited information you have?