For saleCondo
$112,000
12826 Nicollet Ave Apt 202
Burnsville MN 55337
2 beds, 1 bath, 950 sqft
12826 Nicollet Ave Apt 202 is a 2 beds, 1 bath, 950 sqft condo home for sale at $112,000 in Burnsville MN 55337. At 20% down it rents for an estimated $1,450/mo and returns $229/mo a month at a 9.1% 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
- $1,450/mo
- Monthly cash flow
- $229/mo
- Cap rate
- 9.1%
- Cash-on-cash
- 12.3%
- Max offer
- $112,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading