For saleTownhouse
$225,000
1482 21st Ave NW Apt 1
New Brighton MN 55112
3 beds, 2 baths, 1,268 sqft
1482 21st Ave NW Apt 1 is a 3 beds, 2 baths, 1,268 sqft townhouse home for sale at $225,000 in New Brighton MN 55112. At 20% down it rents for an estimated $1,900/mo and returns $37/mo a month at a 6.9% 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
- $1,900/mo
- Monthly cash flow
- $37/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.0%
- Max offer
- $192,000
Offer ≤ $192,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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