For saleMulti-family

$225,000

722 Queen Ave N

Minneapolis MN 55411

4 beds, 2 baths, 2,046 sqft

722 Queen Ave N is a 4 beds, 2 baths, 2,046 sqft multi-family home for sale at $225,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $3,200/mo and returns $1,594/mo a month at a 15.2% 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
$3,200/mo
Monthly cash flow
$1,594/mo
Cap rate
15.2%
Cash-on-cash
42.5%
Max offer
$225,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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