For saleMulti-family
$650,000
5945 Xerxes Ave S
Minneapolis MN 55410
6 beds, 4 baths, 3,757 sqft
5945 Xerxes Ave S is a 6 beds, 4 baths, 3,757 sqft multi-family home for sale at $650,000 in Minneapolis MN 55410. At 20% down it rents for an estimated $5,350/mo and returns $791/mo a month at a 8.0% 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
- $5,350/mo
- Monthly cash flow
- $791/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.3%
- Max offer
- $640,500
Offer ≤ $640,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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