For saleCondo
$410,000
748 3rd St N Unit 600
Minneapolis MN 55401
2 beds, 1 bath, 1,000 sqft
748 3rd St N Unit 600 is a 2 beds, 1 bath, 1,000 sqft condo home for sale at $410,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,350/mo and returns -$983/mo a month at a 3.8% 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
- $2,350/mo
- Monthly cash flow
- -$983/mo
- Cap rate
- 3.8%
- Cash-on-cash
- -14.4%
- Max offer
- $220,000
Offer ≤ $220,000 (46% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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