For saleCondo
$109,000
4680 Tower St SE Apt 322
Prior Lake MN 55372
1 bed, 1 bath, 728 sqft
4680 Tower St SE Apt 322 is a 1 bed, 1 bath, 728 sqft condo home for sale at $109,000 in Prior Lake MN 55372. At 20% down it rents for an estimated $1,325/mo and returns $123/mo a month at a 7.9% 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
- $1,325/mo
- Monthly cash flow
- $123/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.8%
- Max offer
- $106,000
Offer ≤ $106,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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