For saleMulti-family
$429,900
2314 Portland Ave S
Minneapolis MN 55404
9 beds, 3 baths, 4,105 sqft
2314 Portland Ave S is a 9 beds, 3 baths, 4,105 sqft multi-family home for sale at $429,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $3,350/mo and returns $281/mo a month at a 7.5% 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
- $3,350/mo
- Monthly cash flow
- $281/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 3.9%
- Max offer
- $395,500
Offer ≤ $395,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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