For saleCondo
$232,500
410 Groveland Ave Apt 902
Minneapolis MN 55403
2 beds, 1 bath, 932 sqft
410 Groveland Ave Apt 902 is a 2 beds, 1 bath, 932 sqft condo home for sale at $232,500 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,500/mo and returns -$1,162/mo a month at a 0.7% 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
- -$1,162/mo
- Cap rate
- 0.7%
- Cash-on-cash
- -30.0%
- Max offer
- $50,000
Offer ≤ $50,000 (78% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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