For saleCondo
$180,000
50 94th Cir NW Apt 103
Coon Rapids MN 55448
2 beds, 1 bath, 1,093 sqft
50 94th Cir NW Apt 103 is a 2 beds, 1 bath, 1,093 sqft condo home for sale at $180,000 in Coon Rapids MN 55448. At 20% down it rents for an estimated $1,300/mo and returns -$222/mo a month at a 5.2% 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
- $1,300/mo
- Monthly cash flow
- -$222/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.4%
- Max offer
- $122,500
Offer ≤ $122,500 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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