For saleCondo
$424,900
45 University Ave SE Unit 403
Minneapolis MN 55414
1 bed, 1 bath, 1,076 sqft
45 University Ave SE Unit 403 is a 1 bed, 1 bath, 1,076 sqft condo home for sale at $424,900 in Minneapolis MN 55414. At 20% down it rents for an estimated $1,825/mo and returns -$1,614/mo a month at a 2.1% 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
- $1,825/mo
- Monthly cash flow
- -$1,614/mo
- Cap rate
- 2.1%
- Cash-on-cash
- -22.8%
- Max offer
- $154,500
Offer ≤ $154,500 (64% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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