For saleMulti-family
$669,900
107 Island Ave W
Minneapolis MN 55401
5 beds, 4 baths, 4,400 sqft
107 Island Ave W is a 5 beds, 4 baths, 4,400 sqft multi-family home for sale at $669,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $7,900/mo and returns $3,118/mo a month at a 12.3% 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
- $7,900/mo
- Monthly cash flow
- $3,118/mo
- Cap rate
- 12.3%
- Cash-on-cash
- 27.9%
- Max offer
- $669,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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