For saleCondo
$395,000
401 S 1st St Unit 601
Minneapolis MN 55401
2 beds, 2 baths, 1,358 sqft
401 S 1st St Unit 601 is a 2 beds, 2 baths, 1,358 sqft condo home for sale at $395,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,125/mo and returns -$1,431/mo a month at a 2.3% 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
- $2,125/mo
- Monthly cash flow
- -$1,431/mo
- Cap rate
- 2.3%
- Cash-on-cash
- -21.7%
- Max offer
- $152,000
Offer ≤ $152,000 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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