For saleCondo
$149,000
1200 Nicollet Ave Unit 723
Minneapolis MN 55403
1 bed, 1 bath, 933 sqft
1200 Nicollet Ave Unit 723 is a 1 bed, 1 bath, 933 sqft condo home for sale at $149,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,250/mo and returns -$574/mo a month at a 2.0% 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
- $1,250/mo
- Monthly cash flow
- -$574/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.1%
- Max offer
- $53,000
Offer ≤ $53,000 (64% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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