For saleCondo

$129,900

14630 Garrett Ave Apt 611

Apple Valley MN 55124

1 bed, 1 bath, 770 sqft

14630 Garrett Ave Apt 611 is a 1 bed, 1 bath, 770 sqft condo home for sale at $129,900 in Apple Valley MN 55124. At 20% down it rents for an estimated $1,675/mo and returns $419/mo a month at a 10.4% 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
$1,675/mo
Monthly cash flow
$419/mo
Cap rate
10.4%
Cash-on-cash
19.4%
Max offer
$129,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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