For saleMulti-family
$215,000
3614 Russell Ave N
Minneapolis MN 55412
3 beds, 2 baths, 1,537 sqft
3614 Russell Ave N is a 3 beds, 2 baths, 1,537 sqft multi-family home for sale at $215,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,350/mo and returns $842/mo a month at a 11.2% 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
- $2,350/mo
- Monthly cash flow
- $842/mo
- Cap rate
- 11.2%
- Cash-on-cash
- 23.5%
- Max offer
- $215,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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