For saleMulti-family
$615,400
2223 Pleasant Ave
Minneapolis MN 55404
8 beds, 3 baths, 4,014 sqft
2223 Pleasant Ave is a 8 beds, 3 baths, 4,014 sqft multi-family home for sale at $615,400 in Minneapolis MN 55404. At 20% down it rents for an estimated $6,600/mo and returns $2,284/mo a month at a 11.0% 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
- $6,600/mo
- Monthly cash flow
- $2,284/mo
- Cap rate
- 11.0%
- Cash-on-cash
- 22.3%
- Max offer
- $615,400
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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