For saleMulti-family
$400,000
1917 Newton Ave N
Minneapolis MN 55411
6 beds, 2 baths, 3,781 sqft
1917 Newton Ave N is a 6 beds, 2 baths, 3,781 sqft multi-family home for sale at $400,000 in Minneapolis MN 55411. At 20% down it rents for an estimated $4,000/mo and returns $1,144/mo a month at a 10.1% 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
- $1,144/mo
- Cap rate
- 10.1%
- Cash-on-cash
- 17.2%
- Max offer
- $400,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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