For saleMulti-family
$360,000
671 Spring St NE
Minneapolis MN 55413
2 beds, 2 baths, 1,531 sqft
671 Spring St NE is a 2 beds, 2 baths, 1,531 sqft multi-family home for sale at $360,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $2,600/mo and returns $75/mo a month at a 6.8% 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
- $2,600/mo
- Monthly cash flow
- $75/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.3%
- Max offer
- $311,500
Offer ≤ $311,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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