For saleCondo
$1,550,000
750 S 2nd St Apt 803
Minneapolis MN 55401
2 beds, 2 baths, 1,760 sqft
750 S 2nd St Apt 803 is a 2 beds, 2 baths, 1,760 sqft condo home for sale at $1,550,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,050/mo and returns -$10,054/mo a month at a -1.1% 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
- $2,050/mo
- Monthly cash flow
- -$10,054/mo
- Cap rate
- -1.1%
- Cash-on-cash
- -38.9%
- Max offer
- $38,500
Offer ≤ $38,500 (98% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading