For saleCondo
$179,000
2928 Dean Pkwy Apt 2L
Minneapolis MN 55416
1 bed, 1 bath, 707 sqft
2928 Dean Pkwy Apt 2L is a 1 bed, 1 bath, 707 sqft condo home for sale at $179,000 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,000/mo and returns $294/mo a month at a 8.6% 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
- $2,000/mo
- Monthly cash flow
- $294/mo
- Cap rate
- 8.6%
- Cash-on-cash
- 9.9%
- Max offer
- $179,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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