For saleMulti-family
$440,000
2809 Garfield Ave
Minneapolis MN 55408
5 beds, 2 baths, 2,863 sqft
2809 Garfield Ave is a 5 beds, 2 baths, 2,863 sqft multi-family home for sale at $440,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $3,400/mo and returns $259/mo a month at a 7.4% 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
- $259/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.5%
- Max offer
- $401,500
Offer ≤ $401,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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