For saleCondo
$189,000
3060 109th Ln NW Unit 8
Coon Rapids MN 55433
3 beds, 1 bath, 1,064 sqft
3060 109th Ln NW Unit 8 is a 3 beds, 1 bath, 1,064 sqft condo home for sale at $189,000 in Coon Rapids MN 55433. At 20% down it rents for an estimated $2,300/mo and returns $861/mo a month at a 12.0% 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
- $2,300/mo
- Monthly cash flow
- $861/mo
- Cap rate
- 12.0%
- Cash-on-cash
- 27.3%
- Max offer
- $189,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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