For saleMulti-family
$479,900
3229 Hennepin Ave S
Minneapolis MN 55408
5 beds, 2 baths, 2,940 sqft
3229 Hennepin Ave S is a 5 beds, 2 baths, 2,940 sqft multi-family home for sale at $479,900 in Minneapolis MN 55408. At 20% down it rents for an estimated $3,850/mo and returns $424/mo a month at a 7.7% 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
- $3,850/mo
- Monthly cash flow
- $424/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.3%
- Max offer
- $454,500
Offer ≤ $454,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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