For saleMulti-family

$520,000

2635 Pillsbury Ave S

Minneapolis MN 55408

7 beds, 3 baths, 2,935 sqft

2635 Pillsbury Ave S is a 7 beds, 3 baths, 2,935 sqft multi-family home for sale at $520,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $5,250/mo and returns $1,603/mo a month at a 10.2% 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
$1,603/mo
Cap rate
10.2%
Cash-on-cash
18.5%
Max offer
$520,000

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

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