For saleTownhouse
$224,900
15634 Garnet Way Unit 21
Apple Valley MN 55124
2 beds, 1.5 baths, 1,237 sqft
15634 Garnet Way Unit 21 is a 2 beds, 1.5 baths, 1,237 sqft townhouse home for sale at $224,900 in Apple Valley MN 55124. At 20% down it rents for an estimated $2,000/mo and returns $176/mo a month at a 7.5% 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
- $2,000/mo
- Monthly cash flow
- $176/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.7%
- Max offer
- $209,000
Offer ≤ $209,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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