For saleCondo
$195,000
4731 Nicollet Ave Apt 2
Minneapolis MN 55419
2 beds, 1 bath, 872 sqft
4731 Nicollet Ave Apt 2 is a 2 beds, 1 bath, 872 sqft condo home for sale at $195,000 in Minneapolis MN 55419. At 20% down it rents for an estimated $1,425/mo and returns -$365/mo a month at a 4.4% 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
- $1,425/mo
- Monthly cash flow
- -$365/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.2%
- Max offer
- $117,500
Offer ≤ $117,500 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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