For saleCondo
$184,900
26 Arthur Ave SE Apt 304
Minneapolis MN 55414
2 beds, 1 bath, 952 sqft
26 Arthur Ave SE Apt 304 is a 2 beds, 1 bath, 952 sqft condo home for sale at $184,900 in Minneapolis MN 55414. At 20% down it rents for an estimated $1,900/mo and returns $180/mo a month at a 7.7% 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
- $1,900/mo
- Monthly cash flow
- $180/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.8%
- Max offer
- $176,000
Offer ≤ $176,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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