For saleMulti-family
$489,900
3622 Longfellow Ave
Minneapolis MN 55407
5 beds, 2 baths, 3,760 sqft
3622 Longfellow Ave is a 5 beds, 2 baths, 3,760 sqft multi-family home for sale at $489,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $4,400/mo and returns $964/mo a month at a 8.9% 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
- $964/mo
- Cap rate
- 8.9%
- Cash-on-cash
- 11.8%
- Max offer
- $489,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.