For saleCondo
$474,900
918 N 3rd St Unit 201
Minneapolis MN 55401
2 beds, 2 baths, 1,500 sqft
918 N 3rd St Unit 201 is a 2 beds, 2 baths, 1,500 sqft condo home for sale at $474,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $1,825/mo and returns -$2,394/mo a month at a 0.6% 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
- $1,825/mo
- Monthly cash flow
- -$2,394/mo
- Cap rate
- 0.6%
- Cash-on-cash
- -30.2%
- Max offer
- $99,500
Offer ≤ $99,500 (79% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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