For saleMulti-family

$159,900

3251 Minnehaha Ave

Minneapolis MN 55406

3 beds, 2 baths, 1,533 sqft

3251 Minnehaha Ave is a 3 beds, 2 baths, 1,533 sqft multi-family home for sale at $159,900 in Minneapolis MN 55406. At 20% down it rents for an estimated $3,100/mo and returns $1,959/mo a month at a 21.4% 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
$3,100/mo
Monthly cash flow
$1,959/mo
Cap rate
21.4%
Cash-on-cash
73.5%
Max offer
$159,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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