For saleCondo
$89,900
2212 Aldrich Ave S Apt 102
Minneapolis MN 55405
1 bed, 1 bath, 615 sqft
2212 Aldrich Ave S Apt 102 is a 1 bed, 1 bath, 615 sqft condo home for sale at $89,900 in Minneapolis MN 55405. At 20% down it rents for an estimated $1,300/mo and returns $364/mo a month at a 11.4% 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
- $1,300/mo
- Monthly cash flow
- $364/mo
- Cap rate
- 11.4%
- Cash-on-cash
- 24.3%
- Max offer
- $89,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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