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 $4,000/mo and returns $431/mo a month at a 7.7% 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
- $4,000/mo
- Monthly cash flow
- $431/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $472,000
Offer ≤ $472,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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