For saleCondo
$79,900
1820 1st Ave S Apt 107
Minneapolis MN 55403
1 bed, 1 bath, 525 sqft
1820 1st Ave S Apt 107 is a 1 bed, 1 bath, 525 sqft condo home for sale at $79,900 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,200/mo and returns $89/mo a month at a 8.0% 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
- $1,200/mo
- Monthly cash flow
- $89/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.7%
- Max offer
- $77,500
Offer ≤ $77,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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