For saleCondo
$199,900
1425 W 28th St Apt 508
Minneapolis MN 55408
2 beds, 1.5 baths, 1,020 sqft
1425 W 28th St Apt 508 is a 2 beds, 1.5 baths, 1,020 sqft condo home for sale at $199,900 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,500/mo and returns -$832/mo a month at a 1.7% 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
- $1,500/mo
- Monthly cash flow
- -$832/mo
- Cap rate
- 1.7%
- Cash-on-cash
- -25.0%
- Max offer
- $63,500
Offer ≤ $63,500 (68% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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