For saleMulti-family
$449,900
2623 Polk St NE
Minneapolis MN 55418
3 beds, 2 baths, 1,566 sqft
2623 Polk St NE is a 3 beds, 2 baths, 1,566 sqft multi-family home for sale at $449,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $3,400/mo and returns $245/mo a month at a 7.2% 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
- $3,400/mo
- Monthly cash flow
- $245/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.3%
- Max offer
- $407,000
Offer ≤ $407,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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