For saleMulti-family
$749,000
629 Kenwood Pkwy
Minneapolis MN 55403
6 beds, 3 baths, 3,012 sqft
629 Kenwood Pkwy is a 6 beds, 3 baths, 3,012 sqft multi-family home for sale at $749,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $4,000/mo and returns -$1,347/mo a month at a 4.5% 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
- $4,000/mo
- Monthly cash flow
- -$1,347/mo
- Cap rate
- 4.5%
- Cash-on-cash
- -10.8%
- Max offer
- $473,500
Offer ≤ $473,500 (37% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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