For saleMulti-family
$394,900
2406 Pierce St NE
Minneapolis MN 55418
6 beds, 2 baths, 1,900 sqft
2406 Pierce St NE is a 6 beds, 2 baths, 1,900 sqft multi-family home for sale at $394,900 in Minneapolis MN 55418. At 20% down it rents for an estimated $4,300/mo and returns $1,530/mo a month at a 11.2% 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
- $4,300/mo
- Monthly cash flow
- $1,530/mo
- Cap rate
- 11.2%
- Cash-on-cash
- 23.3%
- Max offer
- $394,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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