For saleMulti-family
$299,000
3504 Cedar Ave S
Minneapolis MN 55407
3 beds, 2 baths, 1,486 sqft
3504 Cedar Ave S is a 3 beds, 2 baths, 1,486 sqft multi-family home for sale at $299,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,350/mo and returns $216/mo a month at a 7.5% 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
- $2,350/mo
- Monthly cash flow
- $216/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.3%
- Max offer
- $277,500
Offer ≤ $277,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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