For saleMulti-family
$875,000
3101 E 24th St
Minneapolis MN 55406
12 beds, 4 baths, 4,464 sqft
3101 E 24th St is a 12 beds, 4 baths, 4,464 sqft multi-family home for sale at $875,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $7,250/mo and returns $1,004/mo a month at a 8.0% 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
- $7,250/mo
- Monthly cash flow
- $1,004/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.9%
- Max offer
- $855,500
Offer ≤ $855,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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