For saleMulti-family
$450,000
1094 26th Ave SE
Minneapolis MN 55414
8 beds, 4 baths, 2,662 sqft
1094 26th Ave SE is a 8 beds, 4 baths, 2,662 sqft multi-family home for sale at $450,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $3,500/mo and returns $288/mo a month at a 7.4% 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
- $3,500/mo
- Monthly cash flow
- $288/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.8%
- Max offer
- $413,000
Offer ≤ $413,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading