For saleMulti-family
$415,000
1518 Park Ave
Minneapolis MN 55404
6 beds, 2 baths, 2,849 sqft
1518 Park Ave is a 6 beds, 2 baths, 2,849 sqft multi-family home for sale at $415,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $3,400/mo and returns $437/mo a month at a 7.9% 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
- $3,400/mo
- Monthly cash flow
- $437/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $401,000
Offer ≤ $401,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading