For saleMulti-family
$479,900
1135 Washington St NE
Minneapolis MN 55413
8 beds, 2 baths, 2,376 sqft
1135 Washington St NE is a 8 beds, 2 baths, 2,376 sqft multi-family home for sale at $479,900 in Minneapolis MN 55413. At 20% down it rents for an estimated $4,300/mo and returns $934/mo a month at a 8.9% 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
- $4,300/mo
- Monthly cash flow
- $934/mo
- Cap rate
- 8.9%
- Cash-on-cash
- 11.7%
- Max offer
- $479,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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