For saleMulti-family
$265,000
1611 NE Madison St
Minneapolis MN 55413
3 beds, 2 baths, 1,848 sqft
1611 NE Madison St is a 3 beds, 2 baths, 1,848 sqft multi-family home for sale at $265,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $3,000/mo and returns $1,108/mo a month at a 11.7% 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
- $3,000/mo
- Monthly cash flow
- $1,108/mo
- Cap rate
- 11.7%
- Cash-on-cash
- 25.1%
- Max offer
- $265,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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