For saleMulti-family
$645,000
1519 Adams St NE
Minneapolis MN 55413
5 beds, 3 baths, 3,805 sqft
1519 Adams St NE is a 5 beds, 3 baths, 3,805 sqft multi-family home for sale at $645,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $5,100/mo and returns $576/mo a month at a 7.6% 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
- $5,100/mo
- Monthly cash flow
- $576/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.4%
- Max offer
- $611,000
Offer ≤ $611,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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