For saleCondo
$145,000
400 Groveland Ave Apt 1208
Minneapolis MN 55403
1 bed, 1 bath, 739 sqft
400 Groveland Ave Apt 1208 is a 1 bed, 1 bath, 739 sqft condo home for sale at $145,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,200/mo and returns -$781/mo a month at a 0.2% 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
- $1,200/mo
- Monthly cash flow
- -$781/mo
- Cap rate
- 0.2%
- Cash-on-cash
- -32.3%
- Max offer
- $24,000
Offer ≤ $24,000 (83% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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