For saleCondo
$92,500
2301 10th St NW Apt 116
Austin MN 55912
2 beds, 2 baths, 1,354 sqft
2301 10th St NW Apt 116 is a 2 beds, 2 baths, 1,354 sqft condo home for sale at $92,500 in Austin MN 55912. At 20% down it rents for an estimated $950/mo and returns -$243/mo a month at a 3.5% 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
- $950/mo
- Monthly cash flow
- -$243/mo
- Cap rate
- 3.5%
- Cash-on-cash
- -15.8%
- Max offer
- $47,000
Offer ≤ $47,000 (49% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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