For saleCondo
$510,000
4745 Minnehaha Ave Unit 101
Minneapolis MN 55406
2 beds, 2 baths, 1,180 sqft
4745 Minnehaha Ave Unit 101 is a 2 beds, 2 baths, 1,180 sqft condo home for sale at $510,000 in Minneapolis MN 55406. At 20% down it rents for an estimated $1,500/mo and returns -$2,401/mo a month at a 1.0% 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
- $1,500/mo
- Monthly cash flow
- -$2,401/mo
- Cap rate
- 1.0%
- Cash-on-cash
- -28.2%
- Max offer
- $128,000
Offer ≤ $128,000 (75% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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