For saleCondo
$275,000
434 Laurel Ave Unit 2E
Saint Paul MN 55102
2 beds, 1 bath, 1,250 sqft
434 Laurel Ave Unit 2E is a 2 beds, 1 bath, 1,250 sqft condo home for sale at $275,000 in Saint Paul MN 55102. At 20% down it rents for an estimated $1,600/mo and returns -$700/mo a month at a 3.6% 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
- $1,600/mo
- Monthly cash flow
- -$700/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.3%
- Max offer
- $142,500
Offer ≤ $142,500 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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