For saleCondo
$235,900
1105 Park St W Apt 3
Cannon Falls MN 55009
2 beds, 1 bath, 1,144 sqft
1105 Park St W Apt 3 is a 2 beds, 1 bath, 1,144 sqft condo home for sale at $235,900 in Cannon Falls MN 55009. At 20% down it rents for an estimated $1,750/mo and returns $34/mo a month at a 6.8% 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
- $34/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.9%
- Max offer
- $201,000
Offer ≤ $201,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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