For saleTownhouse
$239,900
15981 Flotilla Trl Unit 311
Apple Valley MN 55124
2 beds, 1.5 baths, 1,320 sqft
15981 Flotilla Trl Unit 311 is a 2 beds, 1.5 baths, 1,320 sqft townhouse home for sale at $239,900 in Apple Valley MN 55124. At 20% down it rents for an estimated $2,000/mo and returns $80/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
- $2,000/mo
- Monthly cash flow
- $80/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 2.0%
- Max offer
- $209,500
Offer ≤ $209,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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