For saleMulti-family
$425,000
924 9th Ave SE
Minneapolis MN 55414
6 beds, 2 baths, 2,079 sqft
924 9th Ave SE is a 6 beds, 2 baths, 2,079 sqft multi-family home for sale at $425,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $4,000/mo and returns $966/mo a month at a 9.4% 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
- $4,000/mo
- Monthly cash flow
- $966/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 13.6%
- Max offer
- $425,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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