For saleMulti-family
$890,000
3013 James Ave S
Minneapolis MN 55408
6 beds, 3 baths, 4,232 sqft
3013 James Ave S is a 6 beds, 3 baths, 4,232 sqft multi-family home for sale at $890,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $3,300/mo and returns -$3,053/mo a month at a 2.5% 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
- $3,300/mo
- Monthly cash flow
- -$3,053/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.6%
- Max offer
- $392,500
Offer ≤ $392,500 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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