For saleMulti-family
$250,000
611 24th Ave N
Minneapolis MN 55411
4 beds, 2 baths, 2,620 sqft
611 24th Ave N is a 4 beds, 2 baths, 2,620 sqft multi-family home for sale at $250,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $3,000/mo and returns $1,247/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
- $3,000/mo
- Monthly cash flow
- $1,247/mo
- Cap rate
- 12.5%
- Cash-on-cash
- 29.9%
- Max offer
- $250,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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