For saleCondo
$1,295,000
600 S 2nd St Apt 108
Minneapolis MN 55401
2 beds, 3 baths, 2,060 sqft
600 S 2nd St Apt 108 is a 2 beds, 3 baths, 2,060 sqft condo home for sale at $1,295,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,125/mo and returns -$7,421/mo a month at a -0.2% 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
- $2,125/mo
- Monthly cash flow
- -$7,421/mo
- Cap rate
- -0.2%
- Cash-on-cash
- -34.4%
- Max offer
- $157,500
Offer ≤ $157,500 (88% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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