For saleMulti-family
$499,999
1221 29th Ave NE
Minneapolis MN 55418
4 beds, 4 baths, 3,162 sqft
1221 29th Ave NE is a 4 beds, 4 baths, 3,162 sqft multi-family home for sale at $499,999 in Minneapolis MN 55418. At 20% down it rents for an estimated $4,450/mo and returns $881/mo a month at a 8.8% 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
- $4,450/mo
- Monthly cash flow
- $881/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.6%
- Max offer
- $499,999
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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