For saleCondo
$195,000
3150 Excelsior Blvd Apt 103
Minneapolis MN 55416
2 beds, 2 baths, 1,065 sqft
3150 Excelsior Blvd Apt 103 is a 2 beds, 2 baths, 1,065 sqft condo home for sale at $195,000 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,225/mo and returns $337/mo a month at a 8.7% 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
- $2,225/mo
- Monthly cash flow
- $337/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.4%
- Max offer
- $195,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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