For saleMulti-family
$280,000
3010 15th Ave S
Minneapolis MN 55407
6 beds, 2 baths, 2,678 sqft
3010 15th Ave S is a 6 beds, 2 baths, 2,678 sqft multi-family home for sale at $280,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $3,150/mo and returns $1,151/mo a month at a 11.6% 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
- $3,150/mo
- Monthly cash flow
- $1,151/mo
- Cap rate
- 11.6%
- Cash-on-cash
- 24.7%
- Max offer
- $280,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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