For saleCondo
$89,900
11 S 12th St Apt 303
Minneapolis MN 55403
1 bed, 1 bath, 755 sqft
11 S 12th St Apt 303 is a 1 bed, 1 bath, 755 sqft condo home for sale at $89,900 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,400/mo and returns $102/mo a month at a 7.9% 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
- $1,400/mo
- Monthly cash flow
- $102/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.8%
- Max offer
- $87,500
Offer ≤ $87,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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