For saleMulti-family
$610,000
2824 Pillsbury Ave S
Minneapolis MN 55408
4 beds, 4 baths, 2,720 sqft
2824 Pillsbury Ave S is a 4 beds, 4 baths, 2,720 sqft multi-family home for sale at $610,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $4,800/mo and returns $445/mo a month at a 7.5% 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
- $4,800/mo
- Monthly cash flow
- $445/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.4%
- Max offer
- $566,500
Offer ≤ $566,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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