For saleMulti-family
$364,900
3509 Columbus Ave
Minneapolis MN 55407
6 beds, 2 baths, 2,356 sqft
3509 Columbus Ave is a 6 beds, 2 baths, 2,356 sqft multi-family home for sale at $364,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,700/mo and returns $141/mo a month at a 7.0% 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
- $2,700/mo
- Monthly cash flow
- $141/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.3%
- Max offer
- $323,500
Offer ≤ $323,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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