For saleCondo
$155,000
4061 Maureen Dr NE Unit 204NE
Columbia Heights MN 55421
2 beds, 1 bath, 969 sqft
4061 Maureen Dr NE Unit 204NE is a 2 beds, 1 bath, 969 sqft condo home for sale at $155,000 in Columbia Heights MN 55421. At 20% down it rents for an estimated $1,450/mo and returns $28/mo a month at a 6.7% 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
- $1,450/mo
- Monthly cash flow
- $28/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.1%
- Max offer
- $132,000
Offer ≤ $132,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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