For saleCondo
$94,900
2446 Aldrich Ave S Apt 108
Minneapolis MN 55405
1 bed, 1 bath, 551 sqft
2446 Aldrich Ave S Apt 108 is a 1 bed, 1 bath, 551 sqft condo home for sale at $94,900 in Minneapolis MN 55405. At 20% down it rents for an estimated $1,300/mo and returns $338/mo a month at a 10.8% 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
- $1,300/mo
- Monthly cash flow
- $338/mo
- Cap rate
- 10.8%
- Cash-on-cash
- 21.4%
- Max offer
- $94,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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