For saleCondo
$269,900
851 River Mews Ct Apt 105
Minneapolis MN 55414
1 bed, 1 bath, 975 sqft
851 River Mews Ct Apt 105 is a 1 bed, 1 bath, 975 sqft condo home for sale at $269,900 in Minneapolis MN 55414. At 20% down it rents for an estimated $1,575/mo and returns -$808/mo a month at a 3.1% 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
- $1,575/mo
- Monthly cash flow
- -$808/mo
- Cap rate
- 3.1%
- Cash-on-cash
- -18.0%
- Max offer
- $125,000
Offer ≤ $125,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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