For saleCondo
$230,000
3534 Harriet Ave Apt 4
Minneapolis MN 55408
2 beds, 1 bath, 887 sqft
3534 Harriet Ave Apt 4 is a 2 beds, 1 bath, 887 sqft condo home for sale at $230,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,500/mo and returns -$461/mo a month at a 4.3% 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
- $1,500/mo
- Monthly cash flow
- -$461/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -12.0%
- Max offer
- $134,500
Offer ≤ $134,500 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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