For saleCondo
$269,000
500 E Grant St Apt 205
Minneapolis MN 55404
2 beds, 1.5 baths, 1,124 sqft
500 E Grant St Apt 205 is a 2 beds, 1.5 baths, 1,124 sqft condo home for sale at $269,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,700/mo and returns -$1,123/mo a month at a 1.7% 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
- $1,700/mo
- Monthly cash flow
- -$1,123/mo
- Cap rate
- 1.7%
- Cash-on-cash
- -25.0%
- Max offer
- $85,000
Offer ≤ $85,000 (68% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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