For saleMulti-family
$449,999
713 2nd St NE
Minneapolis MN 55413
4 beds, 2 baths, 1,774 sqft
713 2nd St NE is a 4 beds, 2 baths, 1,774 sqft multi-family home for sale at $449,999 in Minneapolis MN 55413. At 20% down it rents for an estimated $3,850/mo and returns $638/mo a month at a 8.4% 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
- $3,850/mo
- Monthly cash flow
- $638/mo
- Cap rate
- 8.4%
- Cash-on-cash
- 8.5%
- Max offer
- $449,999
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading