For saleCondo
$60,900
7216 72nd Ln N
Minneapolis MN 55428
1 bed, 1 bath, 640 sqft
7216 72nd Ln N is a 1 bed, 1 bath, 640 sqft condo home for sale at $60,900 in Minneapolis MN 55428. At 20% down it rents for an estimated $1,125/mo and returns $158/mo a month at a 9.6% 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
- $1,125/mo
- Monthly cash flow
- $158/mo
- Cap rate
- 9.6%
- Cash-on-cash
- 15.5%
- Max offer
- $60,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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