For saleCondo
$65,000
12840 Nicollet Ave Apt 302
Burnsville MN 55337
1 bed, 1 bath, 712 sqft
12840 Nicollet Ave Apt 302 is a 1 bed, 1 bath, 712 sqft condo home for sale at $65,000 in Burnsville MN 55337. At 20% down it rents for an estimated $1,275/mo and returns $405/mo a month at a 14.1% 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
- $1,275/mo
- Monthly cash flow
- $405/mo
- Cap rate
- 14.1%
- Cash-on-cash
- 37.4%
- Max offer
- $65,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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