For saleMulti-family
$680,000
16 W 33rd St
Minneapolis MN 55408
5 beds, 3 baths, 4,630 sqft
16 W 33rd St is a 5 beds, 3 baths, 4,630 sqft multi-family home for sale at $680,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $5,200/mo and returns $346/mo a month at a 7.3% 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
- $5,200/mo
- Monthly cash flow
- $346/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.0%
- Max offer
- $614,000
Offer ≤ $614,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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