For saleMulti-family
$310,000
3022 Longfellow Ave
Minneapolis MN 55407
4 beds, 2 baths, 1,686 sqft
3022 Longfellow Ave is a 4 beds, 2 baths, 1,686 sqft multi-family home for sale at $310,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,900/mo and returns $687/mo a month at a 9.3% 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
- $2,900/mo
- Monthly cash flow
- $687/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.3%
- Max offer
- $310,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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