For saleMulti-family
$365,000
2400 Emerson Ave N
Minneapolis MN 55411
6 beds, 2 baths, 2,738 sqft
2400 Emerson Ave N is a 6 beds, 2 baths, 2,738 sqft multi-family home for sale at $365,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $3,600/mo and returns $994/mo a month at a 9.9% 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
- $3,600/mo
- Monthly cash flow
- $994/mo
- Cap rate
- 9.9%
- Cash-on-cash
- 16.3%
- Max offer
- $365,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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