For saleCondo
$115,000
3018 Aldrich Ave S Apt 12
Minneapolis MN 55408
1 bed, 1 bath, 650 sqft
3018 Aldrich Ave S Apt 12 is a 1 bed, 1 bath, 650 sqft condo home for sale at $115,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,300/mo and returns $135/mo a month at a 8.1% 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
- $135/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.0%
- Max offer
- $112,500
Offer ≤ $112,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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