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 $4,400/mo and returns $295/mo a month at a 7.3% 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
- $4,400/mo
- Monthly cash flow
- $295/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.1%
- Max offer
- $519,500
Offer ≤ $519,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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