For saleMulti-family
$339,900
3313 37th Ave S
Minneapolis MN 55406
2 beds, 2 baths, 2,220 sqft
3313 37th Ave S is a 2 beds, 2 baths, 2,220 sqft multi-family home for sale at $339,900 in Minneapolis MN 55406. At 20% down it rents for an estimated $2,500/mo and returns $116/mo a month at a 6.9% 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
- $2,500/mo
- Monthly cash flow
- $116/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 2.0%
- Max offer
- $299,500
Offer ≤ $299,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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