For saleMulti-family
$324,900
909 27th Ave NE
Minneapolis MN 55418
4 baths, 2,124 sqft
909 27th Ave NE is a 4 baths, 2,124 sqft multi-family home for sale at $324,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $2,500/mo and returns $181/mo a month at a 7.3% 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
- $2,500/mo
- Monthly cash flow
- $181/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.3%
- Max offer
- $295,000
Offer ≤ $295,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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