For saleCondo
$85,000
2615 Park Ave Apt 307
Minneapolis MN 55407
1 bed, 1 bath, 772 sqft
2615 Park Ave Apt 307 is a 1 bed, 1 bath, 772 sqft condo home for sale at $85,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $1,225/mo and returns -$329/mo a month at a 2.0% 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
- $1,225/mo
- Monthly cash flow
- -$329/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.2%
- Max offer
- $30,000
Offer ≤ $30,000 (65% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading