For saleCondo

$140,000

12161 Grouse St NW Apt 306

Coon Rapids MN 55448

2 beds, 1 bath, 998 sqft

12161 Grouse St NW Apt 306 is a 2 beds, 1 bath, 998 sqft condo home for sale at $140,000 in Coon Rapids MN 55448. At 20% down it rents for an estimated $1,400/mo and returns $282/mo a month at a 8.9% 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
$1,400/mo
Monthly cash flow
$282/mo
Cap rate
8.9%
Cash-on-cash
12.1%
Max offer
$140,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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