For saleMulti-family
$427,500
3048 13th Ave S
Minneapolis MN 55407
6 beds, 3 baths, 5,100 sqft
3048 13th Ave S is a 6 beds, 3 baths, 5,100 sqft multi-family home for sale at $427,500 in Minneapolis MN 55407. At 20% down it rents for an estimated $4,300/mo and returns $1,248/mo a month at a 10.2% 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
- $4,300/mo
- Monthly cash flow
- $1,248/mo
- Cap rate
- 10.2%
- Cash-on-cash
- 17.5%
- Max offer
- $427,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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