For saleMulti-family
$399,900
2313 Polk St NE
Minneapolis MN 55418
6 beds, 2 baths, 2,308 sqft
2313 Polk St NE is a 6 beds, 2 baths, 2,308 sqft multi-family home for sale at $399,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $3,400/mo and returns $545/mo a month at a 8.3% 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
- $3,400/mo
- Monthly cash flow
- $545/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 8.2%
- Max offer
- $399,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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