For saleMulti-family
$550,000
2641 Lyndale Ave S
Minneapolis MN 55408
4 beds, 4 baths, 2,652 sqft
2641 Lyndale Ave S is a 4 beds, 4 baths, 2,652 sqft multi-family home for sale at $550,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $4,500/mo and returns $574/mo a month at a 7.9% 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
- $4,500/mo
- Monthly cash flow
- $574/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $531,000
Offer ≤ $531,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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