For saleCondo
$149,900
121 Washington Ave S Apt 511
Minneapolis MN 55401
1 bed, 1 bath, 771 sqft
121 Washington Ave S Apt 511 is a 1 bed, 1 bath, 771 sqft condo home for sale at $149,900 in Minneapolis MN 55401. At 20% down it rents for an estimated $1,825/mo and returns $199/mo a month at a 8.3% 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
- $1,825/mo
- Monthly cash flow
- $199/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 7.9%
- Max offer
- $149,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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