For saleCondo
$159,900
611 E 16th St Apt 1
Minneapolis MN 55404
2 beds, 1 bath, 800 sqft
611 E 16th St Apt 1 is a 2 beds, 1 bath, 800 sqft condo home for sale at $159,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,600/mo and returns $162/mo a month at a 7.7% 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
- $1,600/mo
- Monthly cash flow
- $162/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 6.1%
- Max offer
- $153,000
Offer ≤ $153,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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