For saleMulti-family
$500,000
3023/3025 Cedar Ave S
Minneapolis MN 55407
9 beds, 4 baths, 4,274 sqft
3023/3025 Cedar Ave S is a 9 beds, 4 baths, 4,274 sqft multi-family home for sale at $500,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $5,200/mo and returns $1,693/mo a month at a 10.6% 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
- $5,200/mo
- Monthly cash flow
- $1,693/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 20.3%
- Max offer
- $500,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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