For saleMulti-family
$649,900
111 Island Ave W
Minneapolis MN 55401
4 beds, 4 baths, 4,400 sqft
111 Island Ave W is a 4 beds, 4 baths, 4,400 sqft multi-family home for sale at $649,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $7,900/mo and returns $3,261/mo a month at a 12.7% 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
- $7,900/mo
- Monthly cash flow
- $3,261/mo
- Cap rate
- 12.7%
- Cash-on-cash
- 30.1%
- Max offer
- $649,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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