For saleCondo
$125,000
2530 1st Ave S Unit N201
Minneapolis MN 55404
1 bed, 1 bath, 554 sqft
2530 1st Ave S Unit N201 is a 1 bed, 1 bath, 554 sqft condo home for sale at $125,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,300/mo and returns $107/mo a month at a 7.5% 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
- $1,300/mo
- Monthly cash flow
- $107/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 5.1%
- Max offer
- $117,000
Offer ≤ $117,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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