For saleCondo

$155,000

3125 Cory Ln Apt 208

Hastings MN 55033

2 beds, 1 bath, 1,012 sqft

3125 Cory Ln Apt 208 is a 2 beds, 1 bath, 1,012 sqft condo home for sale at $155,000 in Hastings MN 55033. At 20% down it rents for an estimated $1,700/mo and returns $397/mo a month at a 9.6% 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
$1,700/mo
Monthly cash flow
$397/mo
Cap rate
9.6%
Cash-on-cash
15.4%
Max offer
$155,000

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

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