For saleCondo

$139,900

3295 80th St E Apt 501

Inver Grove Heights MN 55076

2 beds, 2 baths, 1,190 sqft

3295 80th St E Apt 501 is a 2 beds, 2 baths, 1,190 sqft condo home for sale at $139,900 in Inver Grove Heights MN 55076. At 20% down it rents for an estimated $1,600/mo and returns $383/mo a month at a 9.8% 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
$383/mo
Cap rate
9.8%
Cash-on-cash
16.4%
Max offer
$139,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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