For saleCondo
$90,000
2525 3rd Ave S Apt 206
Minneapolis MN 55404
1 bed, 1 bath, 566 sqft
2525 3rd Ave S Apt 206 is a 1 bed, 1 bath, 566 sqft condo home for sale at $90,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,250/mo and returns $183/mo a month at a 9.1% 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
- $1,250/mo
- Monthly cash flow
- $183/mo
- Cap rate
- 9.1%
- Cash-on-cash
- 12.2%
- Max offer
- $90,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading