For saleCondo
$275,000
1225 Lasalle Ave Apt 1307
Minneapolis MN 55403
2 beds, 2 baths, 1,770 sqft
1225 Lasalle Ave Apt 1307 is a 2 beds, 2 baths, 1,770 sqft condo home for sale at $275,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,600/mo and returns -$1,347/mo a month at a 0.8% 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
- $1,600/mo
- Monthly cash flow
- -$1,347/mo
- Cap rate
- 0.8%
- Cash-on-cash
- -29.4%
- Max offer
- $62,500
Offer ≤ $62,500 (77% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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