For saleCondo
$49,900
2155 6th Ln SE Apt 204
Cambridge MN 55008
2 beds, 2 baths, 1,277 sqft
2155 6th Ln SE Apt 204 is a 2 beds, 2 baths, 1,277 sqft condo home for sale at $49,900 in Cambridge MN 55008. At 20% down it rents for an estimated $2,000/mo and returns $1,203/mo a month at a 35.6% 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
- $1,203/mo
- Cap rate
- 35.6%
- Cash-on-cash
- 144.6%
- Max offer
- $49,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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