For saleMulti-family
$489,000
2814 Colfax Ave S
Minneapolis MN 55408
7 beds, 2 baths, 2,824 sqft
2814 Colfax Ave S is a 7 beds, 2 baths, 2,824 sqft multi-family home for sale at $489,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $4,400/mo and returns $970/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
- $4,400/mo
- Monthly cash flow
- $970/mo
- Cap rate
- 8.9%
- Cash-on-cash
- 11.9%
- Max offer
- $489,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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