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 $4,400/mo and returns $1,174/mo a month at a 9.6% 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
- $4,400/mo
- Monthly cash flow
- $1,174/mo
- Cap rate
- 9.6%
- Cash-on-cash
- 15.3%
- Max offer
- $459,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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