For saleMulti-family
$369,900
3118 Newton Ave N
Minneapolis MN 55411
4 beds, 2 baths, 1,730 sqft
3118 Newton Ave N is a 4 beds, 2 baths, 1,730 sqft multi-family home for sale at $369,900 in Minneapolis MN 55411. At 20% down it rents for an estimated $3,000/mo and returns $359/mo a month at a 7.8% 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
- $3,000/mo
- Monthly cash flow
- $359/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.8%
- Max offer
- $354,000
Offer ≤ $354,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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