For saleCondo

$114,900

19 S 1st St Apt B305

Minneapolis MN 55401

1 bed, 1 bath, 710 sqft

19 S 1st St Apt B305 is a 1 bed, 1 bath, 710 sqft condo home for sale at $114,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,000/mo and returns $558/mo a month at a 12.3% 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
$2,000/mo
Monthly cash flow
$558/mo
Cap rate
12.3%
Cash-on-cash
29.1%
Max offer
$114,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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