For saleMulti-family
$285,000
1414 Logan Ave N
Minneapolis MN 55411
5 beds, 2 baths, 2,100 sqft
1414 Logan Ave N is a 5 beds, 2 baths, 2,100 sqft multi-family home for sale at $285,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,700/mo and returns $701/mo a month at a 9.5% 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
- $2,700/mo
- Monthly cash flow
- $701/mo
- Cap rate
- 9.5%
- Cash-on-cash
- 14.8%
- Max offer
- $285,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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