For saleMulti-family
$575,000
1300 Grand St NE
Minneapolis MN 55413
5 beds, 3 baths, 3,313 sqft
1300 Grand St NE is a 5 beds, 3 baths, 3,313 sqft multi-family home for sale at $575,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $4,950/mo and returns $917/mo a month at a 8.4% 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
- $4,950/mo
- Monthly cash flow
- $917/mo
- Cap rate
- 8.4%
- Cash-on-cash
- 9.6%
- Max offer
- $575,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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