For saleCondo
$92,000
433 7th St S Unit 2305
Minneapolis MN 55415
1 bed, 1 bath, 670 sqft
433 7th St S Unit 2305 is a 1 bed, 1 bath, 670 sqft condo home for sale at $92,000 in Minneapolis MN 55415. At 20% down it rents for an estimated $1,400/mo and returns $85/mo a month at a 7.6% 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
- $1,400/mo
- Monthly cash flow
- $85/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.5%
- Max offer
- $87,000
Offer ≤ $87,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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