For saleCondo
$199,900
198 6th St E Unit 501
Saint Paul MN 55101
2 beds, 2 baths, 1,044 sqft
198 6th St E Unit 501 is a 2 beds, 2 baths, 1,044 sqft condo home for sale at $199,900 in Saint Paul MN 55101. At 20% down it rents for an estimated $2,000/mo and returns -$192/mo a month at a 5.5% 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
- $2,000/mo
- Monthly cash flow
- -$192/mo
- Cap rate
- 5.5%
- Cash-on-cash
- -5.8%
- Max offer
- $143,000
Offer ≤ $143,000 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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