For saleCondo
$63,500
1000 9th St S Apt 107
Saint James MN 56081
1 bed, 1 bath, 760 sqft
1000 9th St S Apt 107 is a 1 bed, 1 bath, 760 sqft condo home for sale at $63,500 in Saint James MN 56081. At 20% down it rents for an estimated $650/mo and returns -$49/mo a month at a 5.7% 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
- $650/mo
- Monthly cash flow
- -$49/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -4.6%
- Max offer
- $46,500
Offer ≤ $46,500 (27% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading