For saleCondo
$249,900
929 Portland Ave S Unit 1203
Minneapolis MN 55404
2 beds, 2 baths, 945 sqft
929 Portland Ave S Unit 1203 is a 2 beds, 2 baths, 945 sqft condo home for sale at $249,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,750/mo and returns -$677/mo a month at a 3.4% 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
- $1,750/mo
- Monthly cash flow
- -$677/mo
- Cap rate
- 3.4%
- Cash-on-cash
- -16.3%
- Max offer
- $124,500
Offer ≤ $124,500 (50% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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