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 $3,500/mo and returns $975/mo a month at a 9.8% 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
- $3,500/mo
- Monthly cash flow
- $975/mo
- Cap rate
- 9.8%
- Cash-on-cash
- 16.3%
- Max offer
- $360,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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