For saleCondo
$2,295,000
255 Hennepin Ave Unit 3204
Minneapolis MN 55401
2 beds, 3 baths, 1,903 sqft
255 Hennepin Ave Unit 3204 is a 2 beds, 3 baths, 1,903 sqft condo home for sale at $2,295,000 in Minneapolis MN 55401. At 20% down it rents for an estimated $2,200/mo and returns -$13,821/mo a month at a -0.6% 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
- $2,200/mo
- Monthly cash flow
- -$13,821/mo
- Cap rate
- -0.6%
- Cash-on-cash
- -36.1%
- Max offer
- $193,500
Offer ≤ $193,500 (92% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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