For saleCondo
$59,999
2155 6th Ln SE Apt 206
Cambridge MN 55008
2 beds, 1.5 baths, 1,067 sqft
2155 6th Ln SE Apt 206 is a 2 beds, 1.5 baths, 1,067 sqft condo home for sale at $59,999 in Cambridge MN 55008. At 20% down it rents for an estimated $2,000/mo and returns $1,143/mo a month at a 29.4% 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
- $2,000/mo
- Monthly cash flow
- $1,143/mo
- Cap rate
- 29.4%
- Cash-on-cash
- 114.3%
- Max offer
- $59,999
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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