For saleMulti-family
$699,900
4909 Xerxes Ave S
Minneapolis MN 55410
4 beds, 2 baths, 2,604 sqft
4909 Xerxes Ave S is a 4 beds, 2 baths, 2,604 sqft multi-family home for sale at $699,900 in Minneapolis MN 55410. At 20% down it rents for an estimated $3,700/mo and returns -$1,296/mo a month at a 4.4% 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
- $3,700/mo
- Monthly cash flow
- -$1,296/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.1%
- Max offer
- $438,000
Offer ≤ $438,000 (37% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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