For saleCondo
$549,900
404 Washington Ave N Unit 202
Minneapolis MN 55401
1 bed, 2 baths, 1,530 sqft
404 Washington Ave N Unit 202 is a 1 bed, 2 baths, 1,530 sqft condo home for sale at $549,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $1,900/mo and returns -$2,446/mo a month at a 1.3% 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
- -$2,446/mo
- Cap rate
- 1.3%
- Cash-on-cash
- -26.7%
- Max offer
- $155,500
Offer ≤ $155,500 (72% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading