For saleMulti-family

$360,000

2542 Garfield Ave

Minneapolis MN 55405

3 beds, 2 baths, 2,211 sqft

2542 Garfield Ave is a 3 beds, 2 baths, 2,211 sqft multi-family home for sale at $360,000 in Minneapolis MN 55405. At 20% down it rents for an estimated $3,050/mo and returns $480/mo a month at a 8.3% 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
$3,050/mo
Monthly cash flow
$480/mo
Cap rate
8.3%
Cash-on-cash
8.0%
Max offer
$360,000

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

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