For saleCondo
$362,000
101 Saint Olaf Ave Unit 407
Northfield MN 55057
2 beds, 2 baths, 1,078 sqft
101 Saint Olaf Ave Unit 407 is a 2 beds, 2 baths, 1,078 sqft condo home for sale at $362,000 in Northfield MN 55057. At 20% down it rents for an estimated $1,500/mo and returns -$1,338/mo a month at a 2.2% 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
- $1,500/mo
- Monthly cash flow
- -$1,338/mo
- Cap rate
- 2.2%
- Cash-on-cash
- -22.2%
- Max offer
- $136,000
Offer ≤ $136,000 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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