For saleMulti-family
$360,000
2303 22nd Ave S
Minneapolis MN 55404
3 beds, 2 baths, 1,660 sqft
2303 22nd Ave S is a 3 beds, 2 baths, 1,660 sqft multi-family home for sale at $360,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $2,800/mo and returns $230/mo a month at a 7.4% 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
- $2,800/mo
- Monthly cash flow
- $230/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.8%
- Max offer
- $330,500
Offer ≤ $330,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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