For saleCondo
$173,000
2231 Penn Pl Apt 213
North Saint Paul MN 55109
2 beds, 2 baths, 1,080 sqft
2231 Penn Pl Apt 213 is a 2 beds, 2 baths, 1,080 sqft condo home for sale at $173,000 in North Saint Paul MN 55109. At 20% down it rents for an estimated $1,925/mo and returns $324/mo a month at a 8.9% 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
- $1,925/mo
- Monthly cash flow
- $324/mo
- Cap rate
- 8.9%
- Cash-on-cash
- 11.2%
- Max offer
- $173,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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