For saleCondo
$184,000
4720 Nicollet Ave
Minneapolis MN 55419
2 beds, 1 bath, 892 sqft
4720 Nicollet Ave is a 2 beds, 1 bath, 892 sqft condo home for sale at $184,000 in Minneapolis MN 55419. At 20% down it rents for an estimated $1,425/mo and returns -$291/mo a month at a 4.8% 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
- $1,425/mo
- Monthly cash flow
- -$291/mo
- Cap rate
- 4.8%
- Cash-on-cash
- -9.5%
- Max offer
- $117,500
Offer ≤ $117,500 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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