For saleMulti-family
$499,950
456 Buchanan St NE
Minneapolis MN 55413
6 beds, 4 baths, 2,688 sqft
456 Buchanan St NE is a 6 beds, 4 baths, 2,688 sqft multi-family home for sale at $499,950 in Minneapolis MN 55413. At 20% down it rents for an estimated $6,800/mo and returns $3,294/mo a month at a 14.4% 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
- $6,800/mo
- Monthly cash flow
- $3,294/mo
- Cap rate
- 14.4%
- Cash-on-cash
- 39.5%
- Max offer
- $499,950
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.