For saleCondo
$224,900
401 S 1st St Unit 321
Minneapolis MN 55401
1 bed, 1 bath, 695 sqft
401 S 1st St Unit 321 is a 1 bed, 1 bath, 695 sqft condo home for sale at $224,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $1,825/mo and returns -$227/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
- $1,825/mo
- Monthly cash flow
- -$227/mo
- Cap rate
- 5.5%
- Cash-on-cash
- -6.1%
- Max offer
- $159,500
Offer ≤ $159,500 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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