For saleMulti-family
$450,000
5633 Penn Ave S
Minneapolis MN 55419
4 beds, 2 baths, 1,819 sqft
5633 Penn Ave S is a 4 beds, 2 baths, 1,819 sqft multi-family home for sale at $450,000 in Minneapolis MN 55419. At 20% down it rents for an estimated $7,350/mo and returns $4,138/mo a month at a 17.7% 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
- $7,350/mo
- Monthly cash flow
- $4,138/mo
- Cap rate
- 17.7%
- Cash-on-cash
- 55.2%
- Max offer
- $450,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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