For saleCondo
$279,900
400 N 1st St Apt 502
Minneapolis MN 55401
2 beds, 1 bath, 801 sqft
400 N 1st St Apt 502 is a 2 beds, 1 bath, 801 sqft condo home for sale at $279,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,250/mo and returns -$267/mo a month at a 5.5% 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
- $2,250/mo
- Monthly cash flow
- -$267/mo
- Cap rate
- 5.5%
- Cash-on-cash
- -5.7%
- Max offer
- $200,500
Offer ≤ $200,500 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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