For saleMulti-family
$885,000
444-446 Madison St NE
Minneapolis MN 55413
8 beds, 4 baths, 3,560 sqft
444-446 Madison St NE is a 8 beds, 4 baths, 3,560 sqft multi-family home for sale at $885,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $7,000/mo and returns $793/mo a month at a 7.6% 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
- $7,000/mo
- Monthly cash flow
- $793/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.4%
- Max offer
- $838,500
Offer ≤ $838,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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