For saleCondo
$229,900
121 Washington Ave S Apt 1102
Minneapolis MN 55401
2 beds, 1 bath, 1,138 sqft
121 Washington Ave S Apt 1102 is a 2 beds, 1 bath, 1,138 sqft condo home for sale at $229,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,350/mo and returns $63/mo a month at a 6.8% 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
- $63/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.6%
- Max offer
- $199,000
Offer ≤ $199,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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