For saleMulti-family
$519,000
566 and 568 37th Ave NE
Minneapolis MN 55421
6 beds, 4 baths, 2,729 sqft
566 and 568 37th Ave NE is a 6 beds, 4 baths, 2,729 sqft multi-family home for sale at $519,000 in Minneapolis MN 55421. At 20% down it rents for an estimated $4,250/mo and returns $545/mo a month at a 7.9% 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
- $4,250/mo
- Monthly cash flow
- $545/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $501,500
Offer ≤ $501,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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