For saleCondo

$149,900

20 94th Cir NW Unit 203NW

Coon Rapids MN 55448

2 beds, 1 bath, 1,128 sqft

20 94th Cir NW Unit 203NW is a 2 beds, 1 bath, 1,128 sqft condo home for sale at $149,900 in Coon Rapids MN 55448. At 20% down it rents for an estimated $1,500/mo and returns $189/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
$1,500/mo
Monthly cash flow
$189/mo
Cap rate
8.0%
Cash-on-cash
7.6%
Max offer
$148,500

Offer ≤ $148,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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