For saleMulti-family
$379,000
822 Penn Ave N
Minneapolis MN 55411
5 beds, 2 baths, 5,060 sqft
822 Penn Ave N is a 5 beds, 2 baths, 5,060 sqft multi-family home for sale at $379,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $4,200/mo and returns $1,542/mo a month at a 11.4% 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
- $4,200/mo
- Monthly cash flow
- $1,542/mo
- Cap rate
- 11.4%
- Cash-on-cash
- 24.4%
- Max offer
- $379,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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