For saleCondo
$100,000
410 Groveland Ave Apt 2003
Minneapolis MN 55403
1 bed, 1 bath, 680 sqft
410 Groveland Ave Apt 2003 is a 1 bed, 1 bath, 680 sqft condo home for sale at $100,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,200/mo and returns -$480/mo a month at a 0.9% 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
- -$480/mo
- Cap rate
- 0.9%
- Cash-on-cash
- -28.8%
- Max offer
- $23,500
Offer ≤ $23,500 (77% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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