For saleMulti-family
$599,900
2021 3rd Ave S
Minneapolis MN 55404
9 beds, 6 baths, 7,518 sqft
2021 3rd Ave S is a 9 beds, 6 baths, 7,518 sqft multi-family home for sale at $599,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $6,200/mo and returns $1,993/mo a month at a 10.5% 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
- $6,200/mo
- Monthly cash flow
- $1,993/mo
- Cap rate
- 10.5%
- Cash-on-cash
- 19.9%
- Max offer
- $599,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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