For saleCondo
$100,000
4227 Nicollet Ave Apt 1
Minneapolis MN 55409
1 bath, 495 sqft
4227 Nicollet Ave Apt 1 is a 1 bath, 495 sqft condo home for sale at $100,000 in Minneapolis MN 55409. At 20% down it rents for an estimated $1,050/mo and returns $60/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
- $1,050/mo
- Monthly cash flow
- $60/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.6%
- Max offer
- $90,500
Offer ≤ $90,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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