For saleMulti-family
$435,000
2538 Jefferson St NE
Minneapolis MN 55418
4 beds, 3 baths, 2,130 sqft
2538 Jefferson St NE is a 4 beds, 3 baths, 2,130 sqft multi-family home for sale at $435,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $3,400/mo and returns $349/mo a month at a 7.5% 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
- $349/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.8%
- Max offer
- $407,000
Offer ≤ $407,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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