For saleCondo

$119,900

12954 Nicollet Ave Apt 102

Burnsville MN 55337

2 beds, 1 bath, 1,900 sqft

12954 Nicollet Ave Apt 102 is a 2 beds, 1 bath, 1,900 sqft condo home for sale at $119,900 in Burnsville MN 55337. At 20% down it rents for an estimated $1,650/mo and returns $344/mo a month at a 10.0% 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
$1,650/mo
Monthly cash flow
$344/mo
Cap rate
10.0%
Cash-on-cash
17.2%
Max offer
$119,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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