For saleMulti-family
$229,000
4049 Girard Ave N
Minneapolis MN 55412
2 beds, 2 baths, 1,255 sqft
4049 Girard Ave N is a 2 beds, 2 baths, 1,255 sqft multi-family home for sale at $229,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $1,650/mo and returns $15/mo a month at a 6.7% 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
- $1,650/mo
- Monthly cash flow
- $15/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.4%
- Max offer
- $194,500
Offer ≤ $194,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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