For saleCondo
$125,000
415 Ridgewood Ave Apt 101
Minneapolis MN 55403
2 beds, 1 bath, 816 sqft
415 Ridgewood Ave Apt 101 is a 2 beds, 1 bath, 816 sqft condo home for sale at $125,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,500/mo and returns $90/mo a month at a 7.5% 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
- $1,500/mo
- Monthly cash flow
- $90/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.3%
- Max offer
- $115,000
Offer ≤ $115,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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