For saleCondo
$120,000
2532 1st Ave S Unit S301
Minneapolis MN 55404
1 bed, 1 bath, 550 sqft
2532 1st Ave S Unit S301 is a 1 bed, 1 bath, 550 sqft condo home for sale at $120,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,300/mo and returns $85/mo a month at a 7.4% 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
- $1,300/mo
- Monthly cash flow
- $85/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.3%
- Max offer
- $110,500
Offer ≤ $110,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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