For saleCondo
$124,000
14115 Pennock Ave Apt 303
Apple Valley MN 55124
1 bed, 1 bath, 700 sqft
14115 Pennock Ave Apt 303 is a 1 bed, 1 bath, 700 sqft condo home for sale at $124,000 in Apple Valley MN 55124. At 20% down it rents for an estimated $1,625/mo and returns $513/mo a month at a 11.6% 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
- $1,625/mo
- Monthly cash flow
- $513/mo
- Cap rate
- 11.6%
- Cash-on-cash
- 24.8%
- Max offer
- $124,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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