For saleCondo

$150,000

311 Pleasant Ave Apt 409

Saint Paul MN 55102

2 beds, 1 bath, 1,011 sqft

311 Pleasant Ave Apt 409 is a 2 beds, 1 bath, 1,011 sqft condo home for sale at $150,000 in Saint Paul MN 55102. At 20% down it rents for an estimated $1,950/mo and returns $198/mo a month at a 8.1% 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
$1,950/mo
Monthly cash flow
$198/mo
Cap rate
8.1%
Cash-on-cash
7.9%
Max offer
$149,500

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

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