For saleMulti-family
$474,990
3200 23rd Ave S
Minneapolis MN 55407
6 beds, 3 baths, 2,614 sqft
3200 23rd Ave S is a 6 beds, 3 baths, 2,614 sqft multi-family home for sale at $474,990 in Minneapolis MN 55407. At 20% down it rents for an estimated $4,400/mo and returns $1,069/mo a month at a 9.2% 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
- $4,400/mo
- Monthly cash flow
- $1,069/mo
- Cap rate
- 9.2%
- Cash-on-cash
- 13.5%
- Max offer
- $474,990
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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