For saleMulti-family
$349,900
2408 6th St NE
Minneapolis MN 55418
4 beds, 2 baths, 1,664 sqft
2408 6th St NE is a 4 beds, 2 baths, 1,664 sqft multi-family home for sale at $349,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $3,000/mo and returns $502/mo a month at a 8.4% 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
- $3,000/mo
- Monthly cash flow
- $502/mo
- Cap rate
- 8.4%
- Cash-on-cash
- 8.6%
- Max offer
- $349,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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