For saleCondo
$244,900
929 Portland Ave Apt 2308
Minneapolis MN 55404
1 bed, 1.5 baths, 870 sqft
929 Portland Ave Apt 2308 is a 1 bed, 1.5 baths, 870 sqft condo home for sale at $244,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,275/mo and returns -$1,119/mo a month at a 1.2% 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
- $1,275/mo
- Monthly cash flow
- -$1,119/mo
- Cap rate
- 1.2%
- Cash-on-cash
- -27.4%
- Max offer
- $65,500
Offer ≤ $65,500 (73% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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