For saleMulti-family
$369,900
3644 16th Ave S
Minneapolis MN 55407
3 beds, 2 baths, 2,406 sqft
3644 16th Ave S is a 3 beds, 2 baths, 2,406 sqft multi-family home for sale at $369,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,750/mo and returns $156/mo a month at a 7.0% 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
- $2,750/mo
- Monthly cash flow
- $156/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.5%
- Max offer
- $329,500
Offer ≤ $329,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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