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 $4,300/mo and returns $1,389/mo a month at a 10.5% 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
- $4,300/mo
- Monthly cash flow
- $1,389/mo
- Cap rate
- 10.5%
- Cash-on-cash
- 20.1%
- Max offer
- $415,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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