For saleCondo
$89,900
400 Groveland Ave Apt 1912
Minneapolis MN 55403
1 bed, 1 bath, 741 sqft
400 Groveland Ave Apt 1912 is a 1 bed, 1 bath, 741 sqft condo home for sale at $89,900 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,200/mo and returns -$413/mo a month at a 1.2% 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
- -$413/mo
- Cap rate
- 1.2%
- Cash-on-cash
- -27.5%
- Max offer
- $23,500
Offer ≤ $23,500 (74% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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