For saleCondo
$219,900
821 Douglas Ave Apt 204
Minneapolis MN 55403
2 beds, 2 baths, 1,036 sqft
821 Douglas Ave Apt 204 is a 2 beds, 2 baths, 1,036 sqft condo home for sale at $219,900 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,500/mo and returns -$437/mo a month at a 4.3% 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
- $1,500/mo
- Monthly cash flow
- -$437/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -11.9%
- Max offer
- $129,000
Offer ≤ $129,000 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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