For saleCondo
$125,000
12822 Nicollet Ave Apt 302
Burnsville MN 55337
2 beds, 1 bath, 950 sqft
12822 Nicollet Ave Apt 302 is a 2 beds, 1 bath, 950 sqft condo home for sale at $125,000 in Burnsville MN 55337. At 20% down it rents for an estimated $1,450/mo and returns $95/mo a month at a 7.6% 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
- $1,450/mo
- Monthly cash flow
- $95/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.6%
- Max offer
- $116,000
Offer ≤ $116,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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