For saleCondo
$115,000
2500 Blaisdell Ave Apt 404
Minneapolis MN 55404
2 beds, 1.5 baths, 842 sqft
2500 Blaisdell Ave Apt 404 is a 2 beds, 1.5 baths, 842 sqft condo home for sale at $115,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,500/mo and returns $241/mo a month at a 9.0% 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
- $1,500/mo
- Monthly cash flow
- $241/mo
- Cap rate
- 9.0%
- Cash-on-cash
- 12.6%
- Max offer
- $115,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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