For saleMulti-family
$350,000
3031 12th Ave S
Minneapolis MN 55407
7 beds, 3 baths, 2,712 sqft
3031 12th Ave S is a 7 beds, 3 baths, 2,712 sqft multi-family home for sale at $350,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $5,250/mo and returns $2,795/mo a month at a 16.1% 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
- $5,250/mo
- Monthly cash flow
- $2,795/mo
- Cap rate
- 16.1%
- Cash-on-cash
- 47.9%
- Max offer
- $350,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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