For saleCondo
$119,900
609 S 9th St Apt 8
Minneapolis MN 55404
1 bed, 1 bath, 687 sqft
609 S 9th St Apt 8 is a 1 bed, 1 bath, 687 sqft condo home for sale at $119,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,225/mo and returns $114/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
- $1,225/mo
- Monthly cash flow
- $114/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.7%
- Max offer
- $114,000
Offer ≤ $114,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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