For saleMulti-family
$385,000
3307 29th Ave S
Minneapolis MN 55406
3 beds, 2 baths, 1,721 sqft
3307 29th Ave S is a 3 beds, 2 baths, 1,721 sqft multi-family home for sale at $385,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $3,000/mo and returns $252/mo a month at a 7.5% 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
- $3,000/mo
- Monthly cash flow
- $252/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 3.9%
- Max offer
- $354,000
Offer ≤ $354,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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