For saleMulti-family
$519,900
409 6th St SE
Minneapolis MN 55414
6 beds, 2 baths, 2,384 sqft
409 6th St SE is a 6 beds, 2 baths, 2,384 sqft multi-family home for sale at $519,900 in Minneapolis MN 55414. At 20% down it rents for an estimated $4,000/mo and returns $289/mo a month at a 7.3% 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
- $289/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.3%
- Max offer
- $472,000
Offer ≤ $472,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading