For saleMulti-family
$437,000
1092 18th Ave SE
Minneapolis MN 55414
7 beds, 2 baths, 2,301 sqft
1092 18th Ave SE is a 7 beds, 2 baths, 2,301 sqft multi-family home for sale at $437,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $3,600/mo and returns $480/mo a month at a 8.0% 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
- $3,600/mo
- Monthly cash flow
- $480/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.6%
- Max offer
- $424,500
Offer ≤ $424,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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