For saleCondo
$149,900
520 Ridgewood Ave Apt 102
Minneapolis MN 55403
2 beds, 1 bath, 812 sqft
520 Ridgewood Ave Apt 102 is a 2 beds, 1 bath, 812 sqft condo home for sale at $149,900 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,500/mo and returns -$168/mo a month at a 5.3% 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
- $1,500/mo
- Monthly cash flow
- -$168/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.7%
- Max offer
- $104,000
Offer ≤ $104,000 (31% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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