For saleCondo
$200,000
15631 Linnet St NW Unit 3-307
Andover MN 55304
1 bed, 1 bath, 842 sqft
15631 Linnet St NW Unit 3-307 is a 1 bed, 1 bath, 842 sqft condo home for sale at $200,000 in Andover MN 55304. At 20% down it rents for an estimated $1,475/mo and returns -$67/mo a month at a 6.3% 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
- $1,475/mo
- Monthly cash flow
- -$67/mo
- Cap rate
- 6.3%
- Cash-on-cash
- -2.0%
- Max offer
- $158,500
Offer ≤ $158,500 (21% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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