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 $4,800/mo and returns $1,588/mo a month at a 10.9% 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
- $4,800/mo
- Monthly cash flow
- $1,588/mo
- Cap rate
- 10.9%
- Cash-on-cash
- 21.2%
- Max offer
- $449,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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