For saleCondo
$175,000
2928 Dean Pkwy Apt 4B
Minneapolis MN 55416
1 bed, 1 bath, 700 sqft
2928 Dean Pkwy Apt 4B is a 1 bed, 1 bath, 700 sqft condo home for sale at $175,000 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,000/mo and returns $185/mo a month at a 7.9% 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
- $185/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $168,500
Offer ≤ $168,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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