For saleCondo
$110,000
1516 19 1/2 St S Apt 6
Moorhead MN 56560
2 beds, 1 bath, 1,023 sqft
1516 19 1/2 St S Apt 6 is a 2 beds, 1 bath, 1,023 sqft condo home for sale at $110,000 in Moorhead MN 56560. At 20% down it rents for an estimated $925/mo and returns $54/mo a month at a 7.1% 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
- $925/mo
- Monthly cash flow
- $54/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.9%
- Max offer
- $98,000
Offer ≤ $98,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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