For saleMulti-family
$409,900
3605 S 3rd Ave
Minneapolis MN 55409
7 beds, 3 baths, 2,570 sqft
3605 S 3rd Ave is a 7 beds, 3 baths, 2,570 sqft multi-family home for sale at $409,900 in Minneapolis MN 55409. At 20% down it rents for an estimated $5,250/mo and returns $2,375/mo a month at a 13.5% 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
- $5,250/mo
- Monthly cash flow
- $2,375/mo
- Cap rate
- 13.5%
- Cash-on-cash
- 34.8%
- Max offer
- $409,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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