For saleMulti-family
$400,000
5040 Nicollet Ave
Minneapolis MN 55419
4 beds, 2 baths, 2,346 sqft
5040 Nicollet Ave is a 4 beds, 2 baths, 2,346 sqft multi-family home for sale at $400,000 in Minneapolis MN 55419. At 20% down it rents for an estimated $2,300/mo and returns -$556/mo a month at a 5.0% 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
- $2,300/mo
- Monthly cash flow
- -$556/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.3%
- Max offer
- $272,000
Offer ≤ $272,000 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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