For saleMulti-family
$280,000
3247 Aldrich Ave N
Minneapolis MN 55412
7 beds, 2 baths, 2,494 sqft
3247 Aldrich Ave N is a 7 beds, 2 baths, 2,494 sqft multi-family home for sale at $280,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $3,500/mo and returns $1,501/mo a month at a 13.1% 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
- $3,500/mo
- Monthly cash flow
- $1,501/mo
- Cap rate
- 13.1%
- Cash-on-cash
- 32.2%
- Max offer
- $280,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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