For saleMulti-family
$249,900
2219 29th Ave N
Minneapolis MN 55411
3 beds, 2 baths, 1,599 sqft
2219 29th Ave N is a 3 beds, 2 baths, 1,599 sqft multi-family home for sale at $249,900 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,600/mo and returns $847/mo a month at a 10.6% 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
- $2,600/mo
- Monthly cash flow
- $847/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 20.3%
- Max offer
- $249,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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