For saleMulti-family
$390,000
3132 Columbus Ave
Minneapolis MN 55407
4 beds, 2 baths, 2,385 sqft
3132 Columbus Ave is a 4 beds, 2 baths, 2,385 sqft multi-family home for sale at $390,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $3,500/mo and returns $765/mo a month at a 8.9% 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
- $3,500/mo
- Monthly cash flow
- $765/mo
- Cap rate
- 8.9%
- Cash-on-cash
- 11.8%
- Max offer
- $390,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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