For saleMulti-family
$339,900
3824 Thomas Ave N
Minneapolis MN 55412
6 beds, 2 baths, 2,000 sqft
3824 Thomas Ave N is a 6 beds, 2 baths, 2,000 sqft multi-family home for sale at $339,900 in Minneapolis MN 55412. At 20% down it rents for an estimated $2,700/mo and returns $274/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
- $2,700/mo
- Monthly cash flow
- $274/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.8%
- Max offer
- $318,500
Offer ≤ $318,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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