For saleCondo

$119,900

14182 Pennock Ave Apt 309

Apple Valley MN 55124

1 bed, 1 bath, 783 sqft

14182 Pennock Ave Apt 309 is a 1 bed, 1 bath, 783 sqft condo home for sale at $119,900 in Apple Valley MN 55124. At 20% down it rents for an estimated $1,575/mo and returns $362/mo a month at a 10.1% 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
$1,575/mo
Monthly cash flow
$362/mo
Cap rate
10.1%
Cash-on-cash
18.1%
Max offer
$119,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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