For saleMulti-family
$460,000
3427 Garfield Ave
Minneapolis MN 55408
5 beds, 3 baths, 2,164 sqft
3427 Garfield Ave is a 5 beds, 3 baths, 2,164 sqft multi-family home for sale at $460,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $3,650/mo and returns $366/mo a month at a 7.6% 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
- $3,650/mo
- Monthly cash flow
- $366/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.8%
- Max offer
- $431,000
Offer ≤ $431,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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