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 $2,225/mo and returns $254/mo a month at a 7.7% 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
$2,225/mo
Monthly cash flow
$254/mo
Cap rate
7.7%
Cash-on-cash
6.0%
Max offer
$244,000

Offer ≤ $244,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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