For saleCondo
$65,000
1820 1st Ave S Apt 208
Minneapolis MN 55403
1 bed, 1 bath, 600 sqft
1820 1st Ave S Apt 208 is a 1 bed, 1 bath, 600 sqft condo home for sale at $65,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,200/mo and returns $196/mo a month at a 10.1% 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
- $1,200/mo
- Monthly cash flow
- $196/mo
- Cap rate
- 10.1%
- Cash-on-cash
- 18.1%
- Max offer
- $65,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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