For saleCondo
$310,000
3145 Dean Ct Apt 505
Minneapolis MN 55416
2 beds, 2 baths, 1,375 sqft
3145 Dean Ct Apt 505 is a 2 beds, 2 baths, 1,375 sqft condo home for sale at $310,000 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,225/mo and returns -$492/mo a month at a 4.8% 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
- $2,225/mo
- Monthly cash flow
- -$492/mo
- Cap rate
- 4.8%
- Cash-on-cash
- -9.5%
- Max offer
- $197,500
Offer ≤ $197,500 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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