For saleMulti-family
$399,900
1622 Washington St NE
Minneapolis MN 55413
5 beds, 2 baths, 2,426 sqft
1622 Washington St NE is a 5 beds, 2 baths, 2,426 sqft multi-family home for sale at $399,900 in Minneapolis MN 55413. At 20% down it rents for an estimated $4,300/mo and returns $1,495/mo a month at a 11.0% 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
- $1,495/mo
- Cap rate
- 11.0%
- Cash-on-cash
- 22.4%
- Max offer
- $399,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.