For saleMulti-family
$359,000
1419 University Ave NE
Minneapolis MN 55413
5 beds, 2 baths, 1,995 sqft
1419 University Ave NE is a 5 beds, 2 baths, 1,995 sqft multi-family home for sale at $359,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $2,700/mo and returns $182/mo a month at a 7.1% 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
- $2,700/mo
- Monthly cash flow
- $182/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 3.0%
- Max offer
- $323,500
Offer ≤ $323,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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