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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