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 $1,250/mo and returns $470/mo a month at a 16.1% 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
- $1,250/mo
- Monthly cash flow
- $470/mo
- Cap rate
- 16.1%
- Cash-on-cash
- 47.0%
- Max offer
- $60,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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