For saleMulti-family
$385,000
616 Monroe St NE
Minneapolis MN 55413
5 beds, 3 baths, 2,151 sqft
616 Monroe St NE is a 5 beds, 3 baths, 2,151 sqft multi-family home for sale at $385,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $2,850/mo and returns $150/mo a month at a 7.0% 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
- $2,850/mo
- Monthly cash flow
- $150/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.3%
- Max offer
- $341,500
Offer ≤ $341,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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