For saleMulti-family
$449,900
2015 2nd Ave S
Minneapolis MN 55404
5 beds, 4 baths, 2,390 sqft
2015 2nd Ave S is a 5 beds, 4 baths, 2,390 sqft multi-family home for sale at $449,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $5,250/mo and returns $2,095/mo a month at a 12.1% 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
- $5,250/mo
- Monthly cash flow
- $2,095/mo
- Cap rate
- 12.1%
- Cash-on-cash
- 27.9%
- Max offer
- $449,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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