For saleMulti-family
$429,900
518 37th Ave NE
Minneapolis MN 55421
6 beds, 4 baths, 2,600 sqft
518 37th Ave NE is a 6 beds, 4 baths, 2,600 sqft multi-family home for sale at $429,900 in Minneapolis MN 55421. At 20% down it rents for an estimated $5,100/mo and returns $2,085/mo a month at a 12.3% 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
- $5,100/mo
- Monthly cash flow
- $2,085/mo
- Cap rate
- 12.3%
- Cash-on-cash
- 29.1%
- Max offer
- $429,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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