For saleCondo
$99,000
1812 Clinton Ave Apt 303
Minneapolis MN 55404
1 bed, 1 bath, 686 sqft
1812 Clinton Ave Apt 303 is a 1 bed, 1 bath, 686 sqft condo home for sale at $99,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,200/mo and returns $76/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
- $1,200/mo
- Monthly cash flow
- $76/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.6%
- Max offer
- $91,500
Offer ≤ $91,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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