For saleMulti-family
$450,000
1602 Adams St NE
Minneapolis MN 55413
5 beds, 2 baths, 2,017 sqft
1602 Adams St NE is a 5 beds, 2 baths, 2,017 sqft multi-family home for sale at $450,000 in Minneapolis MN 55413. At 20% down it rents for an estimated $3,800/mo and returns $588/mo a month at a 8.2% 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
- $3,800/mo
- Monthly cash flow
- $588/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.8%
- Max offer
- $448,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading