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 $4,300/mo and returns $654/mo a month at a 8.0% 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
- $4,300/mo
- Monthly cash flow
- $654/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.5%
- Max offer
- $515,000
Offer ≤ $515,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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