For saleCondo
$399,900
401 S 1st St Unit 623
Minneapolis MN 55401
2 beds, 2 baths, 1,358 sqft
401 S 1st St Unit 623 is a 2 beds, 2 baths, 1,358 sqft condo home for sale at $399,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,125/mo and returns -$1,563/mo a month at a 2.0% 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
- -$1,563/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.4%
- Max offer
- $140,000
Offer ≤ $140,000 (65% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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