For saleCondo
$200,000
360 Sherman St Unit 1607
Saint Paul MN 55102
2 beds, 2 baths, 1,255 sqft
360 Sherman St Unit 1607 is a 2 beds, 2 baths, 1,255 sqft condo home for sale at $200,000 in Saint Paul MN 55102. At 20% down it rents for an estimated $1,950/mo and returns $126/mo a month at a 7.4% 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
- $1,950/mo
- Monthly cash flow
- $126/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.8%
- Max offer
- $182,500
Offer ≤ $182,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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