For saleMulti-family
$384,900
2745 29th Ave S
Minneapolis MN 55406
4 beds, 2 baths, 2,070 sqft
2745 29th Ave S is a 4 beds, 2 baths, 2,070 sqft multi-family home for sale at $384,900 in Minneapolis MN 55406. At 20% down it rents for an estimated $3,400/mo and returns $700/mo a month at a 8.7% 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
- $3,400/mo
- Monthly cash flow
- $700/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.9%
- Max offer
- $384,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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