For saleCondo
$325,000
1225 Lasalle Ave Apt 2307
Minneapolis MN 55403
2 beds, 3 baths, 3,236 sqft
1225 Lasalle Ave Apt 2307 is a 2 beds, 3 baths, 3,236 sqft condo home for sale at $325,000 in Minneapolis MN 55403. At 20% down it rents for an estimated $1,600/mo and returns -$1,681/mo a month at a 0.5% 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
- $1,600/mo
- Monthly cash flow
- -$1,681/mo
- Cap rate
- 0.5%
- Cash-on-cash
- -31.0%
- Max offer
- $62,500
Offer ≤ $62,500 (81% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading