For saleMulti-family
$350,000
3229 Penn Ave N
Minneapolis MN 55412
2 beds, 2 baths, 2,006 sqft
3229 Penn Ave N is a 2 beds, 2 baths, 2,006 sqft multi-family home for sale at $350,000 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,500/mo and returns $45/mo a month at a 6.7% 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
- $2,500/mo
- Monthly cash flow
- $45/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.8%
- Max offer
- $299,500
Offer ≤ $299,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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