For saleCondo
$149,900
157 Mindy Ln Apt 34
Montrose MN 55363
2 beds, 2 baths, 879 sqft
157 Mindy Ln Apt 34 is a 2 beds, 2 baths, 879 sqft condo home for sale at $149,900 in Montrose MN 55363. At 20% down it rents for an estimated $1,750/mo and returns $424/mo a month at a 10.1% 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
- $1,750/mo
- Monthly cash flow
- $424/mo
- Cap rate
- 10.1%
- Cash-on-cash
- 17.0%
- Max offer
- $149,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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