For saleTownhouse
$229,900
320 Karen Ln NE
Columbia Heights MN 55421
2 beds, 3 baths, 1,396 sqft
320 Karen Ln NE is a 2 beds, 3 baths, 1,396 sqft townhouse home for sale at $229,900 in Columbia Heights MN 55421. At 20% down it rents for an estimated $1,400/mo and returns -$471/mo a month at a 4.2% 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
- $1,400/mo
- Monthly cash flow
- -$471/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.3%
- Max offer
- $133,500
Offer ≤ $133,500 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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