For saleCondo
$113,000
1601 N Innsbruck Dr NE Unit 123
Fridley MN 55432
1 bed, 1 bath, 620 sqft
1601 N Innsbruck Dr NE Unit 123 is a 1 bed, 1 bath, 620 sqft condo home for sale at $113,000 in Fridley MN 55432. At 20% down it rents for an estimated $1,150/mo and returns $32/mo a month at a 6.9% 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
- $1,150/mo
- Monthly cash flow
- $32/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.7%
- Max offer
- $98,000
Offer ≤ $98,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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