For saleMulti-family
$649,900
727 Madison St NE
Minneapolis MN 55413
6 beds, 3 baths, 3,444 sqft
727 Madison St NE is a 6 beds, 3 baths, 3,444 sqft multi-family home for sale at $649,900 in Minneapolis MN 55413. At 20% down it rents for an estimated $5,250/mo and returns $692/mo a month at a 7.8% 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
- $5,250/mo
- Monthly cash flow
- $692/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.4%
- Max offer
- $629,000
Offer ≤ $629,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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