For saleCondo
$162,000
433 S 7th St Apt 1801
Minneapolis MN 55415
2 beds, 2 baths, 1,115 sqft
433 S 7th St Apt 1801 is a 2 beds, 2 baths, 1,115 sqft condo home for sale at $162,000 in Minneapolis MN 55415. At 20% down it rents for an estimated $1,900/mo and returns $111/mo a month at a 7.5% 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
- $1,900/mo
- Monthly cash flow
- $111/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.1%
- Max offer
- $148,500
Offer ≤ $148,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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