For saleMulti-family
$354,900
1227 Morgan Ave N
Minneapolis MN 55411
2 beds, 2 baths, 2,872 sqft
1227 Morgan Ave N is a 2 beds, 2 baths, 2,872 sqft multi-family home for sale at $354,900 in Minneapolis MN 55411. At 20% down it rents for an estimated $3,150/mo and returns $616/mo a month at a 8.8% 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
- $3,150/mo
- Monthly cash flow
- $616/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.4%
- Max offer
- $354,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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