For saleMulti-family
$680,000
1537 E 38th St
Minneapolis MN 55407
8 beds, 4 baths, 3,456 sqft
1537 E 38th St is a 8 beds, 4 baths, 3,456 sqft multi-family home for sale at $680,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $5,250/mo and returns $481/mo a month at a 7.4% 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
- $481/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.2%
- Max offer
- $629,000
Offer ≤ $629,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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