For saleMulti-family
$495,000
2444 1st Ave S
Minneapolis MN 55404
5 beds, 3 baths, 3,009 sqft
2444 1st Ave S is a 5 beds, 3 baths, 3,009 sqft multi-family home for sale at $495,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $4,700/mo and returns $1,228/mo a month at a 9.5% 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
- $4,700/mo
- Monthly cash flow
- $1,228/mo
- Cap rate
- 9.5%
- Cash-on-cash
- 14.9%
- Max offer
- $495,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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