For saleMulti-family
$575,000
1822 Pierce St NE
Minneapolis MN 55418
6 beds, 3 baths, 3,285 sqft
1822 Pierce St NE is a 6 beds, 3 baths, 3,285 sqft multi-family home for sale at $575,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $4,500/mo and returns $395/mo a month at a 7.5% 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
- $4,500/mo
- Monthly cash flow
- $395/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.1%
- Max offer
- $531,000
Offer ≤ $531,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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