For saleCondo
$90,000
3237 15th Ave S Apt 15
Minneapolis MN 55407
1 bed, 1 bath, 624 sqft
3237 15th Ave S Apt 15 is a 1 bed, 1 bath, 624 sqft condo home for sale at $90,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $1,175/mo and returns $94/mo a month at a 7.9% 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
- $94/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $86,500
Offer ≤ $86,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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