For saleMulti-family
$499,900
2541 3rd Ave S
Minneapolis MN 55404
6 beds, 3 baths, 3,260 sqft
2541 3rd Ave S is a 6 beds, 3 baths, 3,260 sqft multi-family home for sale at $499,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $4,500/mo and returns $931/mo a month at a 8.9% 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
- $931/mo
- Cap rate
- 8.9%
- Cash-on-cash
- 11.2%
- Max offer
- $499,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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