For saleCondo
$155,000
3400 List Pl Apt 5
Minneapolis MN 55416
2 beds, 1 bath, 1,000 sqft
3400 List Pl Apt 5 is a 2 beds, 1 bath, 1,000 sqft condo home for sale at $155,000 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,225/mo and returns $605/mo a month at a 11.3% 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
- $2,225/mo
- Monthly cash flow
- $605/mo
- Cap rate
- 11.3%
- Cash-on-cash
- 23.4%
- Max offer
- $155,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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