For saleCondo
$125,000
3229 Garfield Ave Apt 2
Minneapolis MN 55408
1 bed, 1 bath, 803 sqft
3229 Garfield Ave Apt 2 is a 1 bed, 1 bath, 803 sqft condo home for sale at $125,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $1,300/mo and returns $450/mo a month at a 11.0% 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
- $1,300/mo
- Monthly cash flow
- $450/mo
- Cap rate
- 11.0%
- Cash-on-cash
- 21.6%
- Max offer
- $125,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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