For saleCondo
$119,000
2616 Harriet Ave Apt 303
Minneapolis MN 55408
1 bed, 1 bath, 602 sqft
2616 Harriet Ave Apt 303 is a 1 bed, 1 bath, 602 sqft condo home for sale at $119,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,300/mo and returns $231/mo a month at a 8.8% 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
- $1,300/mo
- Monthly cash flow
- $231/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 11.6%
- Max offer
- $119,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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