For saleMulti-family
$445,000
3221 Minnehaha Ave
Minneapolis MN 55406
4 beds, 3 baths, 2,428 sqft
3221 Minnehaha Ave is a 4 beds, 3 baths, 2,428 sqft multi-family home for sale at $445,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $3,350/mo and returns $229/mo a month at a 7.1% 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
- $3,350/mo
- Monthly cash flow
- $229/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 3.1%
- Max offer
- $401,000
Offer ≤ $401,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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