For saleCondo
$75,000
2218 Nicollet Ave Apt 23
Minneapolis MN 55404
1 bed, 1 bath, 475 sqft
2218 Nicollet Ave Apt 23 is a 1 bed, 1 bath, 475 sqft condo home for sale at $75,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,300/mo and returns $429/mo a month at a 13.4% 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
- $429/mo
- Cap rate
- 13.4%
- Cash-on-cash
- 34.3%
- Max offer
- $75,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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