For saleMulti-family
$495,000
256 Russell Ave S
Minneapolis MN 55405
4 beds, 2 baths, 2,380 sqft
256 Russell Ave S is a 4 beds, 2 baths, 2,380 sqft multi-family home for sale at $495,000 in Minneapolis MN 55405. At 20% down it rents for an estimated $3,600/mo and returns $128/mo a month at a 6.8% 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
- $3,600/mo
- Monthly cash flow
- $128/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.6%
- Max offer
- $431,000
Offer ≤ $431,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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