For saleMulti-family

$450,000

1321 Fireside Dr NE

Fridley MN 55432

6 beds, 5 baths, 3,533 sqft

1321 Fireside Dr NE is a 6 beds, 5 baths, 3,533 sqft multi-family home for sale at $450,000 in Fridley MN 55432. At 20% down it rents for an estimated $4,800/mo and returns $1,644/mo a month at a 10.9% 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
$4,800/mo
Monthly cash flow
$1,644/mo
Cap rate
10.9%
Cash-on-cash
21.9%
Max offer
$450,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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