For saleCondo
$99,999
3844 Nicollet Ave S Unit 304
Minneapolis MN 55409
1 bed, 1 bath, 510 sqft
3844 Nicollet Ave S Unit 304 is a 1 bed, 1 bath, 510 sqft condo home for sale at $99,999 in Minneapolis MN 55409. At 20% down it rents for an estimated $1,250/mo and returns $161/mo a month at a 8.6% 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
- $161/mo
- Cap rate
- 8.6%
- Cash-on-cash
- 9.7%
- Max offer
- $99,999
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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