For saleMulti-family
$725,000
857 23rd Ave SE
Minneapolis MN 55414
10 beds, 4 baths, 3,920 sqft
857 23rd Ave SE is a 10 beds, 4 baths, 3,920 sqft multi-family home for sale at $725,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $7,000/mo and returns $1,824/mo a month at a 9.7% 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
- $7,000/mo
- Monthly cash flow
- $1,824/mo
- Cap rate
- 9.7%
- Cash-on-cash
- 15.1%
- Max offer
- $725,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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