For saleCondo
$229,900
317 Groveland Ave Unit 116
Minneapolis MN 55403
1 bed, 1 bath, 875 sqft
317 Groveland Ave Unit 116 is a 1 bed, 1 bath, 875 sqft condo home for sale at $229,900 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,200/mo and returns -$1,008/mo a month at a 1.4% 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
- $1,200/mo
- Monthly cash flow
- -$1,008/mo
- Cap rate
- 1.4%
- Cash-on-cash
- -26.3%
- Max offer
- $67,000
Offer ≤ $67,000 (71% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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