For saleCondo
$325,000
618 Washington Ave N Ste 302
Minneapolis MN 55401
1 bed, 1 bath, 755 sqft
618 Washington Ave N Ste 302 is a 1 bed, 1 bath, 755 sqft condo home for sale at $325,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $1,900/mo and returns -$721/mo a month at a 4.0% 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
- $1,900/mo
- Monthly cash flow
- -$721/mo
- Cap rate
- 4.0%
- Cash-on-cash
- -13.3%
- Max offer
- $181,500
Offer ≤ $181,500 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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