For saleMulti-family
$335,000
3609 E 42nd St
Minneapolis MN 55406
3 beds, 2 baths, 1,335 sqft
3609 E 42nd St is a 3 beds, 2 baths, 1,335 sqft multi-family home for sale at $335,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $3,400/mo and returns $1,050/mo a month at a 10.3% 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
- $3,400/mo
- Monthly cash flow
- $1,050/mo
- Cap rate
- 10.3%
- Cash-on-cash
- 18.8%
- Max offer
- $335,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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