For saleMulti-family
$299,900
1811 E 28th St
Minneapolis MN 55407
5 beds, 2 baths, 2,659 sqft
1811 E 28th St is a 5 beds, 2 baths, 2,659 sqft multi-family home for sale at $299,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $3,350/mo and returns $1,209/mo a month at a 11.5% 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
- $3,350/mo
- Monthly cash flow
- $1,209/mo
- Cap rate
- 11.5%
- Cash-on-cash
- 24.2%
- Max offer
- $299,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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