For saleCondo
$224,000
1070 Grandview Ct NE Apt 110
Columbia Heights MN 55421
2 beds, 3 baths, 1,370 sqft
1070 Grandview Ct NE Apt 110 is a 2 beds, 3 baths, 1,370 sqft condo home for sale at $224,000 in Columbia Heights MN 55421. At 20% down it rents for an estimated $1,700/mo and returns -$469/mo a month at a 4.2% 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
- -$469/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.6%
- Max offer
- $128,500
Offer ≤ $128,500 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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