For saleCondo
$2,950,000
301 Kenwood Pkwy Apt 302
Minneapolis MN 55403
2 beds, 2.5 baths, 2,840 sqft
301 Kenwood Pkwy Apt 302 is a 2 beds, 2.5 baths, 2,840 sqft condo home for sale at $2,950,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,500/mo and returns -$18,397/mo a month at a -0.8% 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
- $1,500/mo
- Monthly cash flow
- -$18,397/mo
- Cap rate
- -0.8%
- Cash-on-cash
- -37.4%
- Max offer
- $168,000
Offer ≤ $168,000 (94% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading