For saleMulti-family
$303,000
1535 Adams St NE
Minneapolis MN 55413
4 beds, 2 baths, 2,462 sqft
1535 Adams St NE is a 4 beds, 2 baths, 2,462 sqft multi-family home for sale at $303,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $3,000/mo and returns $837/mo a month at a 10.0% 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
- $3,000/mo
- Monthly cash flow
- $837/mo
- Cap rate
- 10.0%
- Cash-on-cash
- 16.6%
- Max offer
- $303,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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