For saleCondo
$105,000
2112 Garfield Ave Apt 14
Minneapolis MN 55405
1 bed, 1 bath, 504 sqft
2112 Garfield Ave Apt 14 is a 1 bed, 1 bath, 504 sqft condo home for sale at $105,000 in Minneapolis MN 55405. At 20% down it rents for an estimated $1,250/mo and returns $194/mo a month at a 8.9% 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
- $1,250/mo
- Monthly cash flow
- $194/mo
- Cap rate
- 8.9%
- Cash-on-cash
- 11.1%
- Max offer
- $105,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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