For saleCondo
$115,000
2532 1st Ave S Unit S106
Minneapolis MN 55404
1 bed, 1 bath, 500 sqft
2532 1st Ave S Unit S106 is a 1 bed, 1 bath, 500 sqft condo home for sale at $115,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,300/mo and returns $268/mo a month at a 9.3% 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
- $268/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 14.0%
- Max offer
- $115,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.