For saleMulti-family
$412,000
2644 Garfield Ave
Minneapolis MN 55408
5 beds, 3 baths, 2,553 sqft
2644 Garfield Ave is a 5 beds, 3 baths, 2,553 sqft multi-family home for sale at $412,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $4,000/mo and returns $1,059/mo a month at a 9.8% 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
- $4,000/mo
- Monthly cash flow
- $1,059/mo
- Cap rate
- 9.8%
- Cash-on-cash
- 15.4%
- Max offer
- $412,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading