For saleMulti-family
$415,000
2221 Bloomington Ave
Minneapolis MN 55404
6 beds, 2 baths, 3,286 sqft
2221 Bloomington Ave is a 6 beds, 2 baths, 3,286 sqft multi-family home for sale at $415,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $3,350/mo and returns $387/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
- $3,350/mo
- Monthly cash flow
- $387/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.6%
- Max offer
- $395,500
Offer ≤ $395,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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