For saleCondo
$199,999
3150 Excelsior Blvd Apt 211
Minneapolis MN 55416
2 beds, 1.5 baths, 1,083 sqft
3150 Excelsior Blvd Apt 211 is a 2 beds, 1.5 baths, 1,083 sqft condo home for sale at $199,999 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,375/mo and returns $264/mo a month at a 8.1% 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
- $2,375/mo
- Monthly cash flow
- $264/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.9%
- Max offer
- $199,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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