For saleCondo
$200,000
15 S 1st St Apt A1620
Minneapolis MN 55401
2 beds, 2 baths, 1,311 sqft
15 S 1st St Apt A1620 is a 2 beds, 2 baths, 1,311 sqft condo home for sale at $200,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,200/mo and returns $175/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
- $2,200/mo
- Monthly cash flow
- $175/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $188,500
Offer ≤ $188,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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