For saleMulti-family
$400,000
226 Gramercy Ave
Minneapolis MN 55405
3 beds, 3 baths, 2,664 sqft
226 Gramercy Ave is a 3 beds, 3 baths, 2,664 sqft multi-family home for sale at $400,000 in Minneapolis MN 55405. At 20% down it rents for an estimated $3,750/mo and returns $894/mo a month at a 9.3% 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
- $3,750/mo
- Monthly cash flow
- $894/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.4%
- Max offer
- $400,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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