For saleCondo
$90,000
2639 Colfax Ave S Apt 104
Minneapolis MN 55408
1 bath, 341 sqft
2639 Colfax Ave S Apt 104 is a 1 bath, 341 sqft condo home for sale at $90,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,125/mo and returns $161/mo a month at a 8.8% 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
- $1,125/mo
- Monthly cash flow
- $161/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.7%
- Max offer
- $90,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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