For saleMulti-family
$395,000
2309 Buchanan St NE
Minneapolis MN 55418
6 beds, 2 baths, 2,474 sqft
2309 Buchanan St NE is a 6 beds, 2 baths, 2,474 sqft multi-family home for sale at $395,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $3,150/mo and returns $330/mo a month at a 7.7% 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
- $3,150/mo
- Monthly cash flow
- $330/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.0%
- Max offer
- $371,500
Offer ≤ $371,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading