For saleMulti-family
$397,500
808 9th Ave SE
Minneapolis MN 55414
6 beds, 2 baths, 2,079 sqft
808 9th Ave SE is a 6 beds, 2 baths, 2,079 sqft multi-family home for sale at $397,500 in Minneapolis MN 55414. At 20% down it rents for an estimated $2,500/mo and returns -$338/mo a month at a 5.6% 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
- $2,500/mo
- Monthly cash flow
- -$338/mo
- Cap rate
- 5.6%
- Cash-on-cash
- -5.1%
- Max offer
- $295,500
Offer ≤ $295,500 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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