For saleCondo
$98,500
433 S 7th St Apt 1626
Minneapolis MN 55415
1 bed, 1 bath, 625 sqft
433 S 7th St Apt 1626 is a 1 bed, 1 bath, 625 sqft condo home for sale at $98,500 in Minneapolis MN 55415. At 20% down it rents for an estimated $1,400/mo and returns $52/mo a month at a 7.2% 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
- $52/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.2%
- Max offer
- $88,500
Offer ≤ $88,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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