For saleCondo
$65,000
12822 Nicollet Ave Apt 201
Burnsville MN 55337
1 bed, 1 bath, 709 sqft
12822 Nicollet Ave Apt 201 is a 1 bed, 1 bath, 709 sqft condo home for sale at $65,000 in Burnsville MN 55337. At 20% down it rents for an estimated $1,275/mo and returns $321/mo a month at a 12.6% 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
- $1,275/mo
- Monthly cash flow
- $321/mo
- Cap rate
- 12.6%
- Cash-on-cash
- 29.6%
- Max offer
- $65,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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