For saleCondo
$90,000
1920 S 1st St Apt 707
Minneapolis MN 55454
1 bed, 1 bath, 650 sqft
1920 S 1st St Apt 707 is a 1 bed, 1 bath, 650 sqft condo home for sale at $90,000 in Minneapolis MN 55454. At 20% down it rents for an estimated $1,450/mo and returns $77/mo a month at a 7.7% 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
- $1,450/mo
- Monthly cash flow
- $77/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.1%
- Max offer
- $84,500
Offer ≤ $84,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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