For saleMulti-family
$460,000
318 7th Ave NE
Minneapolis MN 55413
5 beds, 3 baths, 1,900 sqft
318 7th Ave NE is a 5 beds, 3 baths, 1,900 sqft multi-family home for sale at $460,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $7,500/mo and returns $4,216/mo a month at a 17.7% 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
- $7,500/mo
- Monthly cash flow
- $4,216/mo
- Cap rate
- 17.7%
- Cash-on-cash
- 55.0%
- Max offer
- $460,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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