For saleMulti-family
$449,000
4230 39th Ave S
Minneapolis MN 55406
4 beds, 3 baths, 2,626 sqft
4230 39th Ave S is a 4 beds, 3 baths, 2,626 sqft multi-family home for sale at $449,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $3,400/mo and returns $251/mo a month at a 7.2% 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
- $3,400/mo
- Monthly cash flow
- $251/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.4%
- Max offer
- $407,000
Offer ≤ $407,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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