For saleCondo
$128,500
2616 Harriet Ave Apt 204
Minneapolis MN 55408
2 beds, 1 bath, 797 sqft
2616 Harriet Ave Apt 204 is a 2 beds, 1 bath, 797 sqft condo home for sale at $128,500 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,500/mo and returns $308/mo a month at a 9.4% 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
- $308/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 14.4%
- Max offer
- $128,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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