For saleTownhouse
$254,900
15359 Foliage Ave Unit 501
Apple Valley MN 55124
3 beds, 2.5 baths, 1,648 sqft
15359 Foliage Ave Unit 501 is a 3 beds, 2.5 baths, 1,648 sqft townhouse home for sale at $254,900 in Apple Valley MN 55124. At 20% down it rents for an estimated $2,150/mo and returns $147/mo a month at a 7.4% 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
- $2,150/mo
- Monthly cash flow
- $147/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.5%
- Max offer
- $231,000
Offer ≤ $231,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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