For saleCondo
$159,900
433 S 7th St Apt 1627
Minneapolis MN 55415
2 beds, 2 baths, 940 sqft
433 S 7th St Apt 1627 is a 2 beds, 2 baths, 940 sqft condo home for sale at $159,900 in Minneapolis MN 55415. At 20% down it rents for an estimated $1,900/mo and returns $125/mo a month at a 7.6% 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
- $1,900/mo
- Monthly cash flow
- $125/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.7%
- Max offer
- $148,500
Offer ≤ $148,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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