For saleCondo
$98,500
221 Grand Ave W Apt 108
South Saint Paul MN 55075
1 bed, 1 bath, 750 sqft
221 Grand Ave W Apt 108 is a 1 bed, 1 bath, 750 sqft condo home for sale at $98,500 in South Saint Paul MN 55075. At 20% down it rents for an estimated $1,125/mo and returns $59/mo a month at a 7.4% 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
- $1,125/mo
- Monthly cash flow
- $59/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.6%
- Max offer
- $89,500
Offer ≤ $89,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading