For saleCondo
$259,500
1905 Burr Oak Dr Unit A
Austin MN 55912
2 beds, 2 baths, 1,500 sqft
1905 Burr Oak Dr Unit A is a 2 beds, 2 baths, 1,500 sqft condo home for sale at $259,500 in Austin MN 55912. At 20% down it rents for an estimated $950/mo and returns -$1,221/mo a month at a 1.0% 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
- $950/mo
- Monthly cash flow
- -$1,221/mo
- Cap rate
- 1.0%
- Cash-on-cash
- -28.2%
- Max offer
- $65,000
Offer ≤ $65,000 (75% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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