For saleCondo
$179,900
121 Washington Ave S Apt 1911
Minneapolis MN 55401
1 bed, 1 bath, 771 sqft
121 Washington Ave S Apt 1911 is a 1 bed, 1 bath, 771 sqft condo home for sale at $179,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,000/mo and returns $196/mo a month at a 7.8% 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
- $2,000/mo
- Monthly cash flow
- $196/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.5%
- Max offer
- $174,000
Offer ≤ $174,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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