For saleCondo
$137,000
999 41st Ave NE Apt 212
Columbia Heights MN 55421
2 beds, 1 bath, 978 sqft
999 41st Ave NE Apt 212 is a 2 beds, 1 bath, 978 sqft condo home for sale at $137,000 in Columbia Heights MN 55421. At 20% down it rents for an estimated $1,400/mo and returns -$188/mo a month at a 5.0% 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
- $1,400/mo
- Monthly cash flow
- -$188/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.2%
- Max offer
- $91,000
Offer ≤ $91,000 (34% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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