For saleCondo
$489,000
618 Washington Ave N Ste 405
Minneapolis MN 55401
2 beds, 2 baths, 1,398 sqft
618 Washington Ave N Ste 405 is a 2 beds, 2 baths, 1,398 sqft condo home for sale at $489,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,250/mo and returns -$1,940/mo a month at a 1.9% 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
- $2,250/mo
- Monthly cash flow
- -$1,940/mo
- Cap rate
- 1.9%
- Cash-on-cash
- -23.8%
- Max offer
- $167,500
Offer ≤ $167,500 (66% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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