For saleMulti-family
$390,000
2916 S 9th St
Minneapolis MN 55406
2 beds, 2 baths, 1,273 sqft
2916 S 9th St is a 2 beds, 2 baths, 1,273 sqft multi-family home for sale at $390,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $3,200/mo and returns $416/mo a month at a 7.9% 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
- $3,200/mo
- Monthly cash flow
- $416/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.4%
- Max offer
- $377,500
Offer ≤ $377,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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