For saleMulti-family
$305,000
2915 N 3rd St
Minneapolis MN 55411
4 beds, 2 baths, 1,776 sqft
2915 N 3rd St is a 4 beds, 2 baths, 1,776 sqft multi-family home for sale at $305,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $2,850/mo and returns $673/mo a month at a 9.3% 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
- $2,850/mo
- Monthly cash flow
- $673/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.2%
- Max offer
- $305,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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