For saleCondo
$90,000
12844 Nicollet Ave Apt 102
Burnsville MN 55337
1 bed, 1 bath, 675 sqft
12844 Nicollet Ave Apt 102 is a 1 bed, 1 bath, 675 sqft condo home for sale at $90,000 in Burnsville MN 55337. At 20% down it rents for an estimated $1,500/mo and returns $390/mo a month at a 11.7% 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
- $1,500/mo
- Monthly cash flow
- $390/mo
- Cap rate
- 11.7%
- Cash-on-cash
- 26.0%
- Max offer
- $90,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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