For saleCondo
$775,000
2670 Commerce Blvd Apt 102
Mound MN 55364
3 beds, 2 baths, 1,462 sqft
2670 Commerce Blvd Apt 102 is a 3 beds, 2 baths, 1,462 sqft condo home for sale at $775,000 in Mound MN 55364. At 20% down it rents for an estimated $3,000/mo and returns -$2,737/mo a month at a 2.4% 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
- $3,000/mo
- Monthly cash flow
- -$2,737/mo
- Cap rate
- 2.4%
- Cash-on-cash
- -21.2%
- Max offer
- $307,500
Offer ≤ $307,500 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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