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 $1,450/mo and returns $129/mo a month at a 8.0% 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
- $1,450/mo
- Monthly cash flow
- $129/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.5%
- Max offer
- $116,000
Offer ≤ $116,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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