For saleCondo
$123,000
3340 Blaisdell Ave Apt 8
Minneapolis MN 55408
1 bed, 1 bath, 697 sqft
3340 Blaisdell Ave Apt 8 is a 1 bed, 1 bath, 697 sqft condo home for sale at $123,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,300/mo and returns $73/mo a month at a 7.2% 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
- $73/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.5%
- Max offer
- $111,000
Offer ≤ $111,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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