For saleMulti-family
$399,900
610 E 16th St
Minneapolis MN 55404
4 beds, 2 baths, 2,008 sqft
610 E 16th St is a 4 beds, 2 baths, 2,008 sqft multi-family home for sale at $399,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $3,450/mo and returns $645/mo a month at a 8.5% 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
- $3,450/mo
- Monthly cash flow
- $645/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 9.7%
- Max offer
- $399,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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