For saleCondo
$139,900
2200 Nevada Ave S Apt 216
Saint Louis Park MN 55426
2 beds, 2 baths, 1,282 sqft
2200 Nevada Ave S Apt 216 is a 2 beds, 2 baths, 1,282 sqft condo home for sale at $139,900 in Saint Louis Park MN 55426. At 20% down it rents for an estimated $1,800/mo and returns $103/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
- $1,800/mo
- Monthly cash flow
- $103/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.4%
- Max offer
- $129,500
Offer ≤ $129,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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