For saleCondo
$114,999
3116 12th Ave S Unit A106
Minneapolis MN 55407
1 bed, 1 bath, 612 sqft
3116 12th Ave S Unit A106 is a 1 bed, 1 bath, 612 sqft condo home for sale at $114,999 in Minneapolis MN 55407. At 20% down it rents for an estimated $1,225/mo and returns -$186/mo a month at a 4.7% 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
- $1,225/mo
- Monthly cash flow
- -$186/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -9.7%
- Max offer
- $72,500
Offer ≤ $72,500 (37% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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