For saleCondo
$124,900
4010 15th Ave S Unit 12D
Minneapolis MN 55407
2 beds, 1 bath, 789 sqft
4010 15th Ave S Unit 12D is a 2 beds, 1 bath, 789 sqft condo home for sale at $124,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $1,450/mo and returns $136/mo a month at a 8.0% 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
- $1,450/mo
- Monthly cash flow
- $136/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.5%
- Max offer
- $121,000
Offer ≤ $121,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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