For saleCondo
$119,000
1601 N Innsbruck Dr Unit 373NE
Fridley MN 55432
2 beds, 1 bath, 780 sqft
1601 N Innsbruck Dr Unit 373NE is a 2 beds, 1 bath, 780 sqft condo home for sale at $119,000 in Fridley MN 55432. At 20% down it rents for an estimated $1,300/mo and returns $125/mo a month at a 7.9% 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
- $1,300/mo
- Monthly cash flow
- $125/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $114,500
Offer ≤ $114,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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