For saleCondo
$214,300
2900 11th Ave S Apt 113
Minneapolis MN 55407
2 beds, 2 baths, 1,164 sqft
2900 11th Ave S Apt 113 is a 2 beds, 2 baths, 1,164 sqft condo home for sale at $214,300 in Minneapolis MN 55407. At 20% down it rents for an estimated $1,475/mo and returns -$595/mo a month at a 3.3% 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
- $1,475/mo
- Monthly cash flow
- -$595/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -16.6%
- Max offer
- $105,000
Offer ≤ $105,000 (51% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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