For saleCondo
$385,000
401 S 1st St Unit 822
Minneapolis MN 55401
2 beds, 2 baths, 1,264 sqft
401 S 1st St Unit 822 is a 2 beds, 2 baths, 1,264 sqft condo home for sale at $385,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,125/mo and returns -$1,094/mo a month at a 3.3% 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
- $2,125/mo
- Monthly cash flow
- -$1,094/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -17.0%
- Max offer
- $185,500
Offer ≤ $185,500 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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