For saleMulti-family
$569,500
1411 Grand St NE
Minneapolis MN 55413
4 beds, 4 baths, 2,306 sqft
1411 Grand St NE is a 4 beds, 4 baths, 2,306 sqft multi-family home for sale at $569,500 in Minneapolis MN 55413. At 20% down it rents for an estimated $4,500/mo and returns $434/mo a month at a 7.6% 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
- $4,500/mo
- Monthly cash flow
- $434/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.6%
- Max offer
- $531,000
Offer ≤ $531,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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