For saleMulti-family
$744,900
3500 1st Ave S
Minneapolis MN 55408
12 beds, 4 baths, 4,680 sqft
3500 1st Ave S is a 12 beds, 4 baths, 4,680 sqft multi-family home for sale at $744,900 in Minneapolis MN 55408. At 20% down it rents for an estimated $5,600/mo and returns $376/mo a month at a 7.1% 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
- $5,600/mo
- Monthly cash flow
- $376/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 3.0%
- Max offer
- $671,000
Offer ≤ $671,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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