For saleMulti-family
$600,000
1016 Newton Ave N
Minneapolis MN 55411
12 beds, 4 baths, 4,196 sqft
1016 Newton Ave N is a 12 beds, 4 baths, 4,196 sqft multi-family home for sale at $600,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $8,400/mo and returns $4,192/mo a month at a 14.9% 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
- $8,400/mo
- Monthly cash flow
- $4,192/mo
- Cap rate
- 14.9%
- Cash-on-cash
- 41.9%
- Max offer
- $600,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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