For saleCondo

$144,900

3522 Harriet Ave Apt 106

Minneapolis MN 55408

2 beds, 1 bath, 778 sqft

3522 Harriet Ave Apt 106 is a 2 beds, 1 bath, 778 sqft condo home for sale at $144,900 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,450/mo and returns $79/mo a month at a 7.2% 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
$79/mo
Cap rate
7.2%
Cash-on-cash
3.3%
Max offer
$130,000

Offer ≤ $130,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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