For saleCondo
$154,900
312 E 18th St
Minneapolis MN 55404
1 bed, 1 bath, 890 sqft
312 E 18th St is a 1 bed, 1 bath, 890 sqft condo home for sale at $154,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,225/mo and returns -$246/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
- $1,225/mo
- Monthly cash flow
- -$246/mo
- Cap rate
- 4.8%
- Cash-on-cash
- -9.5%
- Max offer
- $98,500
Offer ≤ $98,500 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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