For saleCondo
$88,000
1920 S 1st St Apt 408
Minneapolis MN 55454
1 bed, 1 bath, 650 sqft
1920 S 1st St Apt 408 is a 1 bed, 1 bath, 650 sqft condo home for sale at $88,000 in Minneapolis MN 55454. At 20% down it rents for an estimated $1,450/mo and returns $106/mo a month at a 8.1% 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
- $1,450/mo
- Monthly cash flow
- $106/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $86,500
Offer ≤ $86,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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