For saleCondo
$235,000
4750 53rd St E Unit 103
Minneapolis MN 55417
2 beds, 1 bath, 930 sqft
4750 53rd St E Unit 103 is a 2 beds, 1 bath, 930 sqft condo home for sale at $235,000 in Minneapolis MN 55417. At 20% down it rents for an estimated $1,450/mo and returns -$575/mo a month at a 3.7% 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
- $1,450/mo
- Monthly cash flow
- -$575/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -14.7%
- Max offer
- $124,500
Offer ≤ $124,500 (47% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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