For saleCondo
$285,000
301 Oak Grove St Apt 308
Minneapolis MN 55403
2 beds, 2 baths, 1,012 sqft
301 Oak Grove St Apt 308 is a 2 beds, 2 baths, 1,012 sqft condo home for sale at $285,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,500/mo and returns -$1,270/mo a month at a 1.3% 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
- $1,500/mo
- Monthly cash flow
- -$1,270/mo
- Cap rate
- 1.3%
- Cash-on-cash
- -26.7%
- Max offer
- $80,500
Offer ≤ $80,500 (72% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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