For saleMulti-family
$448,500
1108 W 28th St
Minneapolis MN 55408
6 beds, 2 baths, 3,250 sqft
1108 W 28th St is a 6 beds, 2 baths, 3,250 sqft multi-family home for sale at $448,500 in Minneapolis MN 55408. At 20% down it rents for an estimated $4,400/mo and returns $1,254/mo a month at a 9.9% 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
- $4,400/mo
- Monthly cash flow
- $1,254/mo
- Cap rate
- 9.9%
- Cash-on-cash
- 16.8%
- Max offer
- $448,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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