For saleMulti-family
$750,000
3411 Pillsbury Ave S
Minneapolis MN 55408
8 beds, 3 baths, 4,861 sqft
3411 Pillsbury Ave S is a 8 beds, 3 baths, 4,861 sqft multi-family home for sale at $750,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $5,850/mo and returns $496/mo a month at a 7.5% 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
- $5,850/mo
- Monthly cash flow
- $496/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.0%
- Max offer
- $690,500
Offer ≤ $690,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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