For saleCondo
$69,900
1901 Stevens Ave Apt 307
Minneapolis MN 55403
1 bath, 400 sqft
1901 Stevens Ave Apt 307 is a 1 bath, 400 sqft condo home for sale at $69,900 in Minneapolis MN 55403. At 20% down it rents for an estimated $950/mo and returns $121/mo a month at a 8.6% 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
- $950/mo
- Monthly cash flow
- $121/mo
- Cap rate
- 8.6%
- Cash-on-cash
- 10.4%
- Max offer
- $69,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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