For saleCondo
$115,000
221 Grand Ave W Apt 115
South Saint Paul MN 55075
2 beds, 1 bath, 910 sqft
221 Grand Ave W Apt 115 is a 2 beds, 1 bath, 910 sqft condo home for sale at $115,000 in South Saint Paul MN 55075. At 20% down it rents for an estimated $1,325/mo and returns $149/mo a month at a 8.2% 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
- $1,325/mo
- Monthly cash flow
- $149/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.8%
- Max offer
- $114,000
Offer ≤ $114,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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