For saleCondo
$139,900
400 Groveland Ave Apt 611
Minneapolis MN 55403
2 beds, 2 baths, 978 sqft
400 Groveland Ave Apt 611 is a 2 beds, 2 baths, 978 sqft condo home for sale at $139,900 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,500/mo and returns -$447/mo a month at a 2.8% 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
- $1,500/mo
- Monthly cash flow
- -$447/mo
- Cap rate
- 2.8%
- Cash-on-cash
- -19.2%
- Max offer
- $61,000
Offer ≤ $61,000 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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