For saleCondo
$214,900
13709 Nicollet Ave Apt 101
Burnsville MN 55337
3 beds, 2 baths, 1,459 sqft
13709 Nicollet Ave Apt 101 is a 3 beds, 2 baths, 1,459 sqft condo home for sale at $214,900 in Burnsville MN 55337. At 20% down it rents for an estimated $1,900/mo and returns $43/mo a month at a 6.8% 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
- $1,900/mo
- Monthly cash flow
- $43/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.2%
- Max offer
- $184,000
Offer ≤ $184,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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