For saleMulti-family
$439,900
1111 17th Ave N
Minneapolis MN 55411
10 beds, 4 baths, 3,080 sqft
1111 17th Ave N is a 10 beds, 4 baths, 3,080 sqft multi-family home for sale at $439,900 in Minneapolis MN 55411. At 20% down it rents for an estimated $4,000/mo and returns $860/mo a month at a 9.0% 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
- $4,000/mo
- Monthly cash flow
- $860/mo
- Cap rate
- 9.0%
- Cash-on-cash
- 11.7%
- Max offer
- $439,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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