For saleMulti-family
$625,000
3428 Hennepin Ave S
Minneapolis MN 55408
4 beds, 3 baths, 2,700 sqft
3428 Hennepin Ave S is a 4 beds, 3 baths, 2,700 sqft multi-family home for sale at $625,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $3,400/mo and returns -$1,062/mo a month at a 4.6% 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
- -$1,062/mo
- Cap rate
- 4.6%
- Cash-on-cash
- -10.2%
- Max offer
- $402,500
Offer ≤ $402,500 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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