For saleMulti-family
$384,900
904 9th Ave SE
Minneapolis MN 55414
6 beds, 2 baths, 2,376 sqft
904 9th Ave SE is a 6 beds, 2 baths, 2,376 sqft multi-family home for sale at $384,900 in Minneapolis MN 55414. At 20% down it rents for an estimated $3,500/mo and returns $752/mo a month at a 9.0% 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
- $3,500/mo
- Monthly cash flow
- $752/mo
- Cap rate
- 9.0%
- Cash-on-cash
- 11.7%
- Max offer
- $384,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading