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 $2,350/mo and returns $276/mo a month at a 8.7% 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
$2,350/mo
Monthly cash flow
$276/mo
Cap rate
8.7%
Cash-on-cash
10.7%
Max offer
$154,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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