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 $3,600/mo and returns $445/mo a month at a 7.7% 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
- $3,600/mo
- Monthly cash flow
- $445/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.9%
- Max offer
- $431,000
Offer ≤ $431,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.