For saleMulti-family
$550,000
2621 2nd Ave S
Minneapolis MN 55408
12 beds, 4 baths, 3,836 sqft
2621 2nd Ave S is a 12 beds, 4 baths, 3,836 sqft multi-family home for sale at $550,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $5,200/mo and returns $1,342/mo a month at a 9.4% 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
- $5,200/mo
- Monthly cash flow
- $1,342/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 14.6%
- Max offer
- $550,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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