For saleMulti-family
$449,900
183 Island Ave E
Minneapolis MN 55401
4 beds, 2 baths, 1,980 sqft
183 Island Ave E is a 4 beds, 2 baths, 1,980 sqft multi-family home for sale at $449,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $5,600/mo and returns $2,388/mo a month at a 13.0% 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
- $5,600/mo
- Monthly cash flow
- $2,388/mo
- Cap rate
- 13.0%
- Cash-on-cash
- 31.9%
- Max offer
- $449,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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