For saleCondo
$167,500
12600 Parkwood Dr Apt 110
Burnsville MN 55337
3 beds, 2 baths, 1,246 sqft
12600 Parkwood Dr Apt 110 is a 3 beds, 2 baths, 1,246 sqft condo home for sale at $167,500 in Burnsville MN 55337. At 20% down it rents for an estimated $1,900/mo and returns $201/mo a month at a 8.0% 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
- $1,900/mo
- Monthly cash flow
- $201/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.2%
- Max offer
- $164,500
Offer ≤ $164,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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