For saleTownhouse
$199,800
15516 Float Ln Unit 137
Apple Valley MN 55124
2 beds, 1.5 baths, 976 sqft
15516 Float Ln Unit 137 is a 2 beds, 1.5 baths, 976 sqft townhouse home for sale at $199,800 in Apple Valley MN 55124. At 20% down it rents for an estimated $1,850/mo and returns $180/mo a month at a 7.7% 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
- $1,850/mo
- Monthly cash flow
- $180/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.4%
- Max offer
- $189,000
Offer ≤ $189,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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