For saleCondo
$179,900
12191 Grouse St NW Apt 402
Coon Rapids MN 55448
2 beds, 1 bath, 1,000 sqft
12191 Grouse St NW Apt 402 is a 2 beds, 1 bath, 1,000 sqft condo home for sale at $179,900 in Coon Rapids MN 55448. At 20% down it rents for an estimated $1,600/mo and returns $198/mo a month at a 8.0% 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
- $1,600/mo
- Monthly cash flow
- $198/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.6%
- Max offer
- $174,500
Offer ≤ $174,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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