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 $3,600/mo and returns $531/mo a month at a 8.1% 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
- $3,600/mo
- Monthly cash flow
- $531/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.4%
- Max offer
- $424,500
Offer ≤ $424,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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