For saleCondo
$135,000
2425 E Franklin Ave Apt 205
Minneapolis MN 55406
1 bed, 1 bath, 725 sqft
2425 E Franklin Ave Apt 205 is a 1 bed, 1 bath, 725 sqft condo home for sale at $135,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $1,375/mo and returns -$24/mo a month at a 6.5% 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
- $1,375/mo
- Monthly cash flow
- -$24/mo
- Cap rate
- 6.5%
- Cash-on-cash
- -1.1%
- Max offer
- $109,500
Offer ≤ $109,500 (19% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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