For saleCondo
$550,000
212 N 1st St Apt 610
Minneapolis MN 55401
2 beds, 2 baths, 1,545 sqft
212 N 1st St Apt 610 is a 2 beds, 2 baths, 1,545 sqft condo home for sale at $550,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,225/mo and returns -$2,186/mo a month at a 1.9% 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
- $2,225/mo
- Monthly cash flow
- -$2,186/mo
- Cap rate
- 1.9%
- Cash-on-cash
- -23.8%
- Max offer
- $188,000
Offer ≤ $188,000 (66% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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