For saleMulti-family
$414,900
2721 Columbus Ave
Minneapolis MN 55407
2 beds, 4 baths, 2,658 sqft
2721 Columbus Ave is a 2 beds, 4 baths, 2,658 sqft multi-family home for sale at $414,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $4,500/mo and returns $1,538/mo a month at a 11.1% 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
- $1,538/mo
- Cap rate
- 11.1%
- Cash-on-cash
- 22.2%
- Max offer
- $414,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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