For saleMulti-family
$599,900
625-627 Summer St NE
Minneapolis MN 55413
6 beds, 4 baths, 3,806 sqft
625-627 Summer St NE is a 6 beds, 4 baths, 3,806 sqft multi-family home for sale at $599,900 in Minneapolis MN 55413. At 20% down it rents for an estimated $4,300/mo and returns $93/mo a month at a 6.7% 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
- $4,300/mo
- Monthly cash flow
- $93/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.9%
- Max offer
- $515,000
Offer ≤ $515,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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