For saleCondo
$585,000
100 2nd St SE Apt 406
Minneapolis MN 55414
2 beds, 2.5 baths, 1,645 sqft
100 2nd St SE Apt 406 is a 2 beds, 2.5 baths, 1,645 sqft condo home for sale at $585,000 in Minneapolis MN 55414. At 20% down it rents for an estimated $2,125/mo and returns -$2,432/mo a month at a 1.7% 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
- $2,125/mo
- Monthly cash flow
- -$2,432/mo
- Cap rate
- 1.7%
- Cash-on-cash
- -24.9%
- Max offer
- $186,500
Offer ≤ $186,500 (68% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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