For saleMulti-family
$400,000
2314 2nd St NE
Minneapolis MN 55418
5 beds, 2 baths, 2,237 sqft
2314 2nd St NE is a 5 beds, 2 baths, 2,237 sqft multi-family home for sale at $400,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $3,150/mo and returns $294/mo a month at a 7.5% 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
- $3,150/mo
- Monthly cash flow
- $294/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.4%
- Max offer
- $371,500
Offer ≤ $371,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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