For saleCondo
$118,000
2615 Park Ave Apt 612
Minneapolis MN 55407
1 bed, 1 bath, 805 sqft
2615 Park Ave Apt 612 is a 1 bed, 1 bath, 805 sqft condo home for sale at $118,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $1,225/mo and returns -$434/mo a month at a 2.3% 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
- $1,225/mo
- Monthly cash flow
- -$434/mo
- Cap rate
- 2.3%
- Cash-on-cash
- -22.1%
- Max offer
- $44,500
Offer ≤ $44,500 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading