For saleCondo
$295,000
15 E Minnesota St Ste 210
Saint Joseph MN 56374
3 beds, 2 baths, 1,122 sqft
15 E Minnesota St Ste 210 is a 3 beds, 2 baths, 1,122 sqft condo home for sale at $295,000 in Saint Joseph MN 56374. At 20% down it rents for an estimated $2,400/mo and returns $79/mo a month at a 7.0% 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
- $2,400/mo
- Monthly cash flow
- $79/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 1.6%
- Max offer
- $256,000
Offer ≤ $256,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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