For saleMulti-family
$599,000
416 8th Ave SE
Minneapolis MN 55414
7 beds, 2 baths, 2,922 sqft
416 8th Ave SE is a 7 beds, 2 baths, 2,922 sqft multi-family home for sale at $599,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $4,300/mo and returns $99/mo a month at a 6.7% 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
- $4,300/mo
- Monthly cash flow
- $99/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.0%
- Max offer
- $515,000
Offer ≤ $515,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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