For saleCondo
$139,000
2881 Irving Ave S Unit 102
Minneapolis MN 55408
1 bed, 1 bath, 725 sqft
2881 Irving Ave S Unit 102 is a 1 bed, 1 bath, 725 sqft condo home for sale at $139,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,300/mo and returns $47/mo a month at a 6.9% 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
- $1,300/mo
- Monthly cash flow
- $47/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 2.0%
- Max offer
- $121,000
Offer ≤ $121,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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