For saleCondo
$249,000
210 N 2nd St Apt 206
Minneapolis MN 55401
1 bed, 1 bath, 800 sqft
210 N 2nd St Apt 206 is a 1 bed, 1 bath, 800 sqft condo home for sale at $249,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,025/mo and returns $60/mo a month at a 6.8% 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
- $2,025/mo
- Monthly cash flow
- $60/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.4%
- Max offer
- $214,500
Offer ≤ $214,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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