For saleCondo
$225,000
15 S 1st St Apt A1020
Minneapolis MN 55401
3 beds, 2 baths, 1,268 sqft
15 S 1st St Apt A1020 is a 3 beds, 2 baths, 1,268 sqft condo home for sale at $225,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,800/mo and returns $29/mo a month at a 6.7% 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
- $2,800/mo
- Monthly cash flow
- $29/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.8%
- Max offer
- $190,500
Offer ≤ $190,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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