For saleCondo
$118,900
15 S 1st St Apt A414
Minneapolis MN 55401
1 bath, 472 sqft
15 S 1st St Apt A414 is a 1 bath, 472 sqft condo home for sale at $118,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $1,625/mo and returns $157/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
- $1,625/mo
- Monthly cash flow
- $157/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.9%
- Max offer
- $118,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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