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 $6,550/mo and returns $1,232/mo a month at a 8.7% 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
- $6,550/mo
- Monthly cash flow
- $1,232/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 9.9%
- Max offer
- $744,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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