For saleMulti-family
$649,000
4300 Xerxes Ave S
Minneapolis MN 55410
5 beds, 4 baths, 3,006 sqft
4300 Xerxes Ave S is a 5 beds, 4 baths, 3,006 sqft multi-family home for sale at $649,000 in Minneapolis MN 55410. At 20% down it rents for an estimated $6,000/mo and returns $1,367/mo a month at a 9.2% 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
- $6,000/mo
- Monthly cash flow
- $1,367/mo
- Cap rate
- 9.2%
- Cash-on-cash
- 12.6%
- Max offer
- $649,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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