For saleCondo
$154,900
19 1st St S Unit B908
Minneapolis MN 55401
2 beds, 2 baths, 1,080 sqft
19 1st St S Unit B908 is a 2 beds, 2 baths, 1,080 sqft condo home for sale at $154,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,200/mo and returns $106/mo a month at a 7.5% 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
- $2,200/mo
- Monthly cash flow
- $106/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.1%
- Max offer
- $142,000
Offer ≤ $142,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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