For saleCondo
$450,000
521 2nd St SE Apt 404
Minneapolis MN 55414
2 beds, 2 baths, 1,257 sqft
521 2nd St SE Apt 404 is a 2 beds, 2 baths, 1,257 sqft condo home for sale at $450,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $2,000/mo and returns -$1,675/mo a month at a 2.2% 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
- $2,000/mo
- Monthly cash flow
- -$1,675/mo
- Cap rate
- 2.2%
- Cash-on-cash
- -22.3%
- Max offer
- $168,000
Offer ≤ $168,000 (63% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading