For saleCondo
$149,900
19 S 1st St Apt B204
Minneapolis MN 55401
1 bed, 1 bath, 710 sqft
19 S 1st St Apt B204 is a 1 bed, 1 bath, 710 sqft condo home for sale at $149,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $1,825/mo and returns $135/mo a month at a 7.7% 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
- $1,825/mo
- Monthly cash flow
- $135/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.4%
- Max offer
- $141,500
Offer ≤ $141,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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