For saleMulti-family
$396,000
2317 Garfield Ave
Minneapolis MN 55405
5 beds, 3 baths, 2,598 sqft
2317 Garfield Ave is a 5 beds, 3 baths, 2,598 sqft multi-family home for sale at $396,000 in Minneapolis MN 55405. At 20% down it rents for an estimated $5,250/mo and returns $2,473/mo a month at a 14.0% 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
- $5,250/mo
- Monthly cash flow
- $2,473/mo
- Cap rate
- 14.0%
- Cash-on-cash
- 37.5%
- Max offer
- $396,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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