For saleCondo
$118,000
3116 12th Ave S Unit A105
Minneapolis MN 55407
1 bed, 1 bath, 602 sqft
3116 12th Ave S Unit A105 is a 1 bed, 1 bath, 602 sqft condo home for sale at $118,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $1,225/mo and returns $73/mo a month at a 7.4% 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
- $1,225/mo
- Monthly cash flow
- $73/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.7%
- Max offer
- $107,500
Offer ≤ $107,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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