For saleMulti-family
$250,000
1801 3rd Ave N
Minneapolis MN 55405
2 beds, 3 baths, 2,236 sqft
1801 3rd Ave N is a 2 beds, 3 baths, 2,236 sqft multi-family home for sale at $250,000 in Minneapolis MN 55405. At 20% down it rents for an estimated $4,000/mo and returns $2,215/mo a month at a 17.3% 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
- $4,000/mo
- Monthly cash flow
- $2,215/mo
- Cap rate
- 17.3%
- Cash-on-cash
- 53.2%
- Max offer
- $250,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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