For saleMulti-family
$585,000
349 15th Ave NE
Minneapolis MN 55413
5 beds, 4 baths, 2,748 sqft
349 15th Ave NE is a 5 beds, 4 baths, 2,748 sqft multi-family home for sale at $585,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $4,500/mo and returns $397/mo a month at a 7.3% 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
- $4,500/mo
- Monthly cash flow
- $397/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.1%
- Max offer
- $539,000
Offer ≤ $539,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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