For saleCondo
$180,000
13701 Nicollet Ave Apt 303
Burnsville MN 55337
2 beds, 2 baths, 1,356 sqft
13701 Nicollet Ave Apt 303 is a 2 beds, 2 baths, 1,356 sqft condo home for sale at $180,000 in Burnsville MN 55337. At 20% down it rents for an estimated $1,450/mo and returns -$374/mo a month at a 4.2% 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
- -$374/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.5%
- Max offer
- $103,500
Offer ≤ $103,500 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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