For saleCondo
$249,900
808 Cedar Dr Apt B
La Crescent MN 55947
3 beds, 2.5 baths, 1,950 sqft
808 Cedar Dr Apt B is a 3 beds, 2.5 baths, 1,950 sqft condo home for sale at $249,900 in La Crescent MN 55947. At 20% down it rents for an estimated $1,075/mo and returns -$1,164/mo a month at a 1.1% 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
- $1,075/mo
- Monthly cash flow
- -$1,164/mo
- Cap rate
- 1.1%
- Cash-on-cash
- -28.0%
- Max offer
- $64,000
Offer ≤ $64,000 (74% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading