601 7th St SE
Minneapolis, MN 55414
Part of multiple portfolios
List Price
$480,000
Initial Investment
$130,800Features
Occupancy
Occupied
Lease Start
09/01/2020
Lease End
08/26/2022
Lot Size
6,098
HOA
None
Flood Risk
Not Required
- Pet fee included in monthly rent of $50
- Insurance fee included in monthly rent of $9.50
- Close vicinity to the University of Minnesota
- Tenant pool is largely students. Lease terms can be more than 12 months with rent being paid monthly.
- Leverage our cashflow calculator by clicking on the Financials Tab and looking for the "Cashflow" and "Equity" Tabs. Review your expenses and amortization schedules should you use leverage. Adjust your financial assumptions such as downpayment amount, vacancy rates, and capital expenditures.
- A vibrant mashup of college-town coffee shops, plus refined dining and lodging for when the parents come to visit. During Gophers sporting events, the neighborhood amps up the excitement at sports bars and restaurants. Arts lovers find plenty to engage with, too, at cultural meccas Northrop Auditorium, the Frederick R. Weisman Art Museum and the iconic Varsity Theater. Learn more about the Area here
- Learn more about Minneapolis here
See more in Analysis
Annual Financial Highlights
Expected Rent
$36,423Expenses
-$7,579Property Taxes
-$5,805Loan Payments
-$20,624Net Cash Flow
$2,415See more in Financials
Property Characteristics
Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
- This property will be professionally inspected before closing.
- You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
- Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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