For saleMulti-family
$445,000
237 Cedar Lake Rd N
Minneapolis MN 55405
5 beds, 4 baths, 2,600 sqft
237 Cedar Lake Rd N is a 5 beds, 4 baths, 2,600 sqft multi-family home for sale at $445,000 in Minneapolis MN 55405. At 20% down it rents for an estimated $5,350/mo and returns $2,229/mo a month at a 12.5% 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
- $5,350/mo
- Monthly cash flow
- $2,229/mo
- Cap rate
- 12.5%
- Cash-on-cash
- 30.1%
- Max offer
- $445,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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