For saleCondo
$449,000
284 Spring St Unit 307
Saint Paul MN 55102
2 beds, 2 baths, 1,181 sqft
284 Spring St Unit 307 is a 2 beds, 2 baths, 1,181 sqft condo home for sale at $449,000 in Saint Paul MN 55102. At 20% down it rents for an estimated $1,950/mo and returns -$1,736/mo a month at a 2.0% 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
- $1,950/mo
- Monthly cash flow
- -$1,736/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.2%
- Max offer
- $159,500
Offer ≤ $159,500 (64% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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