For saleCondo
$279,900
619 8th St SE Unit 308
Minneapolis MN 55414
2 beds, 2 baths, 1,287 sqft
619 8th St SE Unit 308 is a 2 beds, 2 baths, 1,287 sqft condo home for sale at $279,900 in Minneapolis MN 55414. At 20% down it rents for an estimated $1,550/mo and returns -$953/mo a month at a 2.6% 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
- $1,550/mo
- Monthly cash flow
- -$953/mo
- Cap rate
- 2.6%
- Cash-on-cash
- -20.4%
- Max offer
- $115,500
Offer ≤ $115,500 (59% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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