For saleCondo
$149,900
1415 Lake St Apt 142
Alexandria MN 56308
1 bed, 1 bath, 878 sqft
1415 Lake St Apt 142 is a 1 bed, 1 bath, 878 sqft condo home for sale at $149,900 in Alexandria MN 56308. At 20% down it rents for an estimated $825/mo and returns -$567/mo a month at a 2.1% 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
- $825/mo
- Monthly cash flow
- -$567/mo
- Cap rate
- 2.1%
- Cash-on-cash
- -22.7%
- Max offer
- $54,500
Offer ≤ $54,500 (64% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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