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 $4,000/mo and returns -$276/mo a month at a 6.1% 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
- $4,000/mo
- Monthly cash flow
- -$276/mo
- Cap rate
- 6.1%
- Cash-on-cash
- -2.8%
- Max offer
- $472,500
Offer ≤ $472,500 (21% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading