For saleMulti-family
$329,900
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 $329,900 in Minneapolis MN 55406. At 20% down it rents for an estimated $3,050/mo and returns $695/mo a month at a 9.2% 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
- $3,050/mo
- Monthly cash flow
- $695/mo
- Cap rate
- 9.2%
- Cash-on-cash
- 12.6%
- Max offer
- $329,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading