For saleCondo
$55,000
1220 Powderhorn Ter Apt 33
Minneapolis MN 55407
1 bed, 1 bath, 608 sqft
1220 Powderhorn Ter Apt 33 is a 1 bed, 1 bath, 608 sqft condo home for sale at $55,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $1,175/mo and returns $180/mo a month at a 10.6% 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
- $1,175/mo
- Monthly cash flow
- $180/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 19.6%
- Max offer
- $55,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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