For saleCondo
$250,000
3131 Excelsior Blvd Apt 211
Minneapolis MN 55416
2 beds, 2 baths, 1,119 sqft
3131 Excelsior Blvd Apt 211 is a 2 beds, 2 baths, 1,119 sqft condo home for sale at $250,000 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,375/mo and returns $151/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
- $2,375/mo
- Monthly cash flow
- $151/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.6%
- Max offer
- $226,500
Offer ≤ $226,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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