For saleTownhouse
$209,900
1509 16th St N
Princeton MN 55371
2 beds, 1 bath, 945 sqft
1509 16th St N is a 2 beds, 1 bath, 945 sqft townhouse home for sale at $209,900 in Princeton MN 55371. At 20% down it rents for an estimated $1,625/mo and returns -$79/mo a month at a 6.2% 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
- $1,625/mo
- Monthly cash flow
- -$79/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.3%
- Max offer
- $165,000
Offer ≤ $165,000 (21% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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