For saleCondo
$200,000
2928 Dean Pkwy Apt 2J
Minneapolis MN 55416
2 beds, 2 baths, 1,083 sqft
2928 Dean Pkwy Apt 2J is a 2 beds, 2 baths, 1,083 sqft condo home for sale at $200,000 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,225/mo and returns $107/mo a month at a 7.3% 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
- $2,225/mo
- Monthly cash flow
- $107/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.2%
- Max offer
- $180,000
Offer ≤ $180,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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