For saleCondo
$1,995,000
301 Kenwood Pkwy Apt 502
Minneapolis MN 55403
3 beds, 3 baths, 2,802 sqft
301 Kenwood Pkwy Apt 502 is a 3 beds, 3 baths, 2,802 sqft condo home for sale at $1,995,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,775/mo and returns -$12,401/mo a month at a -0.8% 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
- $1,775/mo
- Monthly cash flow
- -$12,401/mo
- Cap rate
- -0.8%
- Cash-on-cash
- -37.3%
- Max offer
- $118,500
Offer ≤ $118,500 (94% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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