For saleCondo
$245,001
720 4th St N Unit 310
Minneapolis MN 55401
1 bed, 1 bath, 895 sqft
720 4th St N Unit 310 is a 1 bed, 1 bath, 895 sqft condo home for sale at $245,001 in Minneapolis MN 55401. At 20% down it rents for an estimated $1,900/mo and returns -$444/mo a month at a 4.5% 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
- $1,900/mo
- Monthly cash flow
- -$444/mo
- Cap rate
- 4.5%
- Cash-on-cash
- -10.9%
- Max offer
- $149,500
Offer ≤ $149,500 (39% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading