For saleCondo
$180,000
2809 E Minnehaha Pkwy Apt 103
Minneapolis MN 55417
1 bed, 1 bath, 669 sqft
2809 E Minnehaha Pkwy Apt 103 is a 1 bed, 1 bath, 669 sqft condo home for sale at $180,000 in Minneapolis MN 55417. At 20% down it rents for an estimated $1,225/mo and returns -$356/mo a month at a 4.3% 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
- -$356/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -11.9%
- Max offer
- $106,000
Offer ≤ $106,000 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading