For saleCondo
$110,000
1901 Stevens Ave Apt 303
Minneapolis MN 55403
1 bed, 1 bath, 550 sqft
1901 Stevens Ave Apt 303 is a 1 bed, 1 bath, 550 sqft condo home for sale at $110,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,200/mo and returns $94/mo a month at a 7.7% 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
- $1,200/mo
- Monthly cash flow
- $94/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.1%
- Max offer
- $103,500
Offer ≤ $103,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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