For saleMulti-family
$459,900
3213 Minnehaha Ave
Minneapolis MN 55406
7 beds, 3 baths, 3,370 sqft
3213 Minnehaha Ave is a 7 beds, 3 baths, 3,370 sqft multi-family home for sale at $459,900 in Minneapolis MN 55406. At 20% down it rents for an estimated $3,700/mo and returns $417/mo a month at a 7.8% 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
- $3,700/mo
- Monthly cash flow
- $417/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.4%
- Max offer
- $436,500
Offer ≤ $436,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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