For saleMulti-family
$557,000
5921 Chicago Ave S
Minneapolis MN 55417
5 beds, 3 baths, 2,695 sqft
5921 Chicago Ave S is a 5 beds, 3 baths, 2,695 sqft multi-family home for sale at $557,000 in Minneapolis MN 55417. At 20% down it rents for an estimated $4,100/mo and returns $124/mo a month at a 6.9% 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
- $4,100/mo
- Monthly cash flow
- $124/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.3%
- Max offer
- $484,000
Offer ≤ $484,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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