For saleCondo
$269,900
660 N 2nd St Unit 301
Minneapolis MN 55401
1 bed, 1 bath, 850 sqft
660 N 2nd St Unit 301 is a 1 bed, 1 bath, 850 sqft condo home for sale at $269,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $1,900/mo and returns -$662/mo a month at a 3.7% 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
- $1,900/mo
- Monthly cash flow
- -$662/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -14.7%
- Max offer
- $143,000
Offer ≤ $143,000 (47% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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