For saleCondo
$399,900
256 Spring St Unit 214
Saint Paul MN 55102
2 beds, 1 bath, 1,054 sqft
256 Spring St Unit 214 is a 2 beds, 1 bath, 1,054 sqft condo home for sale at $399,900 in Saint Paul MN 55102. At 20% down it rents for an estimated $1,950/mo and returns -$1,158/mo a month at a 3.2% 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
- $1,950/mo
- Monthly cash flow
- -$1,158/mo
- Cap rate
- 3.2%
- Cash-on-cash
- -17.4%
- Max offer
- $190,000
Offer ≤ $190,000 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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