For saleMulti-family
$479,500
516 8th Ave NE
Minneapolis MN 55413
6 beds, 3 baths, 2,310 sqft
516 8th Ave NE is a 6 beds, 3 baths, 2,310 sqft multi-family home for sale at $479,500 in Minneapolis MN 55413. At 20% down it rents for an estimated $5,250/mo and returns $1,887/mo a month at a 11.2% 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
- $5,250/mo
- Monthly cash flow
- $1,887/mo
- Cap rate
- 11.2%
- Cash-on-cash
- 23.6%
- Max offer
- $479,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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