For saleMulti-family
$450,000
302 48th St E
Minneapolis MN 55419
5 beds, 2 baths, 1,440 sqft
302 48th St E is a 5 beds, 2 baths, 1,440 sqft multi-family home for sale at $450,000 in Minneapolis MN 55419. At 20% down it rents for an estimated $6,400/mo and returns $3,188/mo a month at a 15.2% 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
- $6,400/mo
- Monthly cash flow
- $3,188/mo
- Cap rate
- 15.2%
- Cash-on-cash
- 42.5%
- Max offer
- $450,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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