For saleCondo
$99,500
520 Ridgewood Ave Apt 4
Minneapolis MN 55403
1 bed, 1 bath, 625 sqft
520 Ridgewood Ave Apt 4 is a 1 bed, 1 bath, 625 sqft condo home for sale at $99,500 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,200/mo and returns $157/mo a month at a 8.4% 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
- $1,200/mo
- Monthly cash flow
- $157/mo
- Cap rate
- 8.4%
- Cash-on-cash
- 9.5%
- Max offer
- $99,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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