For saleMulti-family

$333,000

628 4th St NE

Minneapolis MN 55413

3 beds, 2 baths, 2,016 sqft

628 4th St NE is a 3 beds, 2 baths, 2,016 sqft multi-family home for sale at $333,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $3,550/mo and returns $1,266/mo a month at a 10.9% 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
$3,550/mo
Monthly cash flow
$1,266/mo
Cap rate
10.9%
Cash-on-cash
22.8%
Max offer
$333,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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