For saleCondo
$76,500
3232 Fremont Ave N Apt 229
Minneapolis MN 55412
2 beds, 1 bath, 963 sqft
3232 Fremont Ave N Apt 229 is a 2 beds, 1 bath, 963 sqft condo home for sale at $76,500 in Minneapolis MN 55412. At 20% down it rents for an estimated $1,800/mo and returns $500/mo a month at a 14.5% 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
- $1,800/mo
- Monthly cash flow
- $500/mo
- Cap rate
- 14.5%
- Cash-on-cash
- 39.2%
- Max offer
- $76,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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