For saleCondo
$135,000
333 8th St SE Apt 316
Minneapolis MN 55414
1 bed, 1 bath, 633 sqft
333 8th St SE Apt 316 is a 1 bed, 1 bath, 633 sqft condo home for sale at $135,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $1,500/mo and returns $101/mo a month at a 7.4% 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
- $1,500/mo
- Monthly cash flow
- $101/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.5%
- Max offer
- $125,000
Offer ≤ $125,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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