For saleCondo
$225,000
2530 E 34th St Apt 106
Minneapolis MN 55406
2 beds, 2 baths, 1,250 sqft
2530 E 34th St Apt 106 is a 2 beds, 2 baths, 1,250 sqft condo home for sale at $225,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $1,450/mo and returns -$540/mo a month at a 3.8% 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
- $1,450/mo
- Monthly cash flow
- -$540/mo
- Cap rate
- 3.8%
- Cash-on-cash
- -14.4%
- Max offer
- $120,500
Offer ≤ $120,500 (46% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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