For saleMulti-family
$320,000
2313 Glenwood Ave
Minneapolis MN 55405
3 beds, 2 baths, 1,923 sqft
2313 Glenwood Ave is a 3 beds, 2 baths, 1,923 sqft multi-family home for sale at $320,000 in Minneapolis MN 55405. At 20% down it rents for an estimated $2,900/mo and returns $656/mo a month at a 9.0% 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
- $2,900/mo
- Monthly cash flow
- $656/mo
- Cap rate
- 9.0%
- Cash-on-cash
- 12.3%
- Max offer
- $320,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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