For saleCondo

$60,000

2500 Blaisdell Ave Apt 409

Minneapolis MN 55404

1 bed, 1 bath, 571 sqft

2500 Blaisdell Ave Apt 409 is a 1 bed, 1 bath, 571 sqft condo home for sale at $60,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,300/mo and returns $528/mo a month at a 17.1% 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
$528/mo
Cap rate
17.1%
Cash-on-cash
52.8%
Max offer
$60,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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