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 $1,250/mo and returns $204/mo a month at a 8.8% 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
- $1,250/mo
- Monthly cash flow
- $204/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.6%
- Max offer
- $115,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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