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 $2,800/mo and returns $100/mo a month at a 6.8% 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
- $2,800/mo
- Monthly cash flow
- $100/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.6%
- Max offer
- $335,500
Offer ≤ $335,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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