For saleCondo
$215,000
500 E Grant St Apt 1609
Minneapolis MN 55404
1 bed, 1 bath
500 E Grant St Apt 1609 is a 1 bed, 1 bath condo home for sale at $215,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,300/mo and returns -$1,066/mo a month at a 0.7% 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
- $1,300/mo
- Monthly cash flow
- -$1,066/mo
- Cap rate
- 0.7%
- Cash-on-cash
- -29.8%
- Max offer
- $47,000
Offer ≤ $47,000 (78% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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