For saleCondo
$575,000
2845 Colfax Ave S Unit W301
Minneapolis MN 55408
2 beds, 2 baths, 1,783 sqft
2845 Colfax Ave S Unit W301 is a 2 beds, 2 baths, 1,783 sqft condo home for sale at $575,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,500/mo and returns -$3,177/mo a month at a 0.0% 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
- $1,500/mo
- Monthly cash flow
- -$3,177/mo
- Cap rate
- 0.0%
- Cash-on-cash
- -33.2%
- Max offer
- $85,000
Offer ≤ $85,000 (85% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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